PNC Financial Services Group Inc. Raises Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

PNC Financial Services Group Inc. grew its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 10.4% during the third quarter, Holdings Channel reports. The firm owned 303,619 shares of the exchange traded fund’s stock after acquiring an additional 28,694 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $29,785,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $35,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the second quarter worth $34,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth $35,000. Anfield Capital Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth $36,000. Finally, PSI Advisors LLC lifted its position in iShares 20+ Year Treasury Bond ETF by 79.6% during the second quarter. PSI Advisors LLC now owns 413 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 183 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $90.41 on Thursday. The company has a market capitalization of $58.57 billion, a P/E ratio of -7.14 and a beta of 0.06. The business’s 50-day moving average is $94.53 and its two-hundred day moving average is $94.24. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $87.34 and a fifty-two week high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.3105 per share. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, November 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.