DKM Wealth Management Inc. Invests $1.97 Million in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

DKM Wealth Management Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 22,509 shares of the exchange traded fund’s stock, valued at approximately $1,966,000. iShares 20+ Year Treasury Bond ETF comprises approximately 1.9% of DKM Wealth Management Inc.’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. lifted its stake in iShares 20+ Year Treasury Bond ETF by 4.9% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,446 shares of the exchange traded fund’s stock worth $214,000 after purchasing an additional 115 shares in the last quarter. Hollencrest Capital Management grew its position in shares of iShares 20+ Year Treasury Bond ETF by 0.9% during the fourth quarter. Hollencrest Capital Management now owns 14,419 shares of the exchange traded fund’s stock worth $1,259,000 after buying an additional 122 shares in the last quarter. New Republic Capital LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 12.2% during the fourth quarter. New Republic Capital LLC now owns 1,289 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 140 shares during the period. Pinnacle Family Advisors LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 6.3% in the third quarter. Pinnacle Family Advisors LLC now owns 2,472 shares of the exchange traded fund’s stock valued at $242,000 after acquiring an additional 147 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 0.9% during the 4th quarter. Claro Advisors LLC now owns 16,347 shares of the exchange traded fund’s stock worth $1,428,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.5 %

TLT opened at $91.49 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64. The business’s 50 day moving average is $89.66 and its two-hundred day moving average is $91.15. The firm has a market cap of $55.61 billion, a price-to-earnings ratio of -7.21 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.3256 per share. This represents a $3.91 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, April 1st.

About iShares 20+ Year Treasury Bond ETF

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.