Joule Financial LLC Cuts Stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Joule Financial LLC lessened its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 31,060 shares of the exchange traded fund’s stock after selling 541 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for approximately 1.0% of Joule Financial LLC’s holdings, making the stock its 16th biggest position. Joule Financial LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TLT. ORG Wealth Partners LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the third quarter worth about $35,000. Prospera Private Wealth LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth approximately $42,000. ST Germain D J Co. Inc. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 73.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 201 shares in the last quarter. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth approximately $59,000. Finally, PSI Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 58.4% in the 3rd quarter. PSI Advisors LLC now owns 654 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $87.19 on Friday. The stock has a market cap of $51.06 billion, a PE ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64. The stock has a fifty day moving average price of $89.67 and a 200 day moving average price of $93.53.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.351 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a $4.21 annualized dividend and a dividend yield of 4.83%.

iShares 20+ Year Treasury Bond ETF Profile

iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years.