11,820 Shares in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Purchased by MFG Wealth Management Inc.

MFG Wealth Management Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, HoldingsChannel.com reports. The fund bought 11,820 shares of the exchange traded fund’s stock, valued at approximately $1,032,000.

Other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $30,000. ORG Wealth Partners LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at $35,000. New Wave Wealth Advisors LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $32,000. Finally, Van ECK Associates Corp boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 178 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ TLT opened at $87.23 on Thursday. The business has a 50-day moving average of $88.40 and a 200-day moving average of $92.95. The stock has a market capitalization of $53.02 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.3123 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.