Mendel Capital Management LLC Purchases 1,134 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Mendel Capital Management LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 36.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,269 shares of the exchange traded fund’s stock after buying an additional 1,134 shares during the quarter. Mendel Capital Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TLT. McAdam LLC raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 43.9% in the second quarter. McAdam LLC now owns 19,302 shares of the exchange traded fund’s stock valued at $1,772,000 after purchasing an additional 5,893 shares during the last quarter. Saxon Interests Inc. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.4% in the 2nd quarter. Saxon Interests Inc. now owns 6,121 shares of the exchange traded fund’s stock worth $562,000 after buying an additional 1,355 shares during the last quarter. Riverwater Partners LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at about $223,000. Vontobel Holding Ltd. lifted its stake in iShares 20+ Year Treasury Bond ETF by 99.7% in the third quarter. Vontobel Holding Ltd. now owns 72,263 shares of the exchange traded fund’s stock worth $7,089,000 after purchasing an additional 36,070 shares during the last quarter. Finally, Hancock Whitney Corp purchased a new position in iShares 20+ Year Treasury Bond ETF in the 1st quarter worth approximately $1,674,000. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.3 %

TLT stock opened at $90.08 on Monday. The stock has a market capitalization of $58.35 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. The firm’s 50-day moving average price is $95.13 and its two-hundred day moving average price is $94.25. iShares 20+ Year Treasury Bond ETF has a 12-month low of $87.34 and a 12-month high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.3105 per share. This represents a $3.73 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29.

iShares 20+ Year Treasury Bond ETF Company 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.