Milestone Asset Management LLC Raises Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Milestone Asset Management LLC boosted its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 833.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,938 shares of the exchange traded fund’s stock after buying an additional 19,588 shares during the period. Milestone Asset Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Divergent Wealth Advisors raised its holdings in iShares 20+ Year Treasury Bond ETF by 1.1% in the 3rd quarter. Divergent Wealth Advisors now owns 10,869 shares of the exchange traded fund’s stock valued at $1,066,000 after buying an additional 117 shares during the period. Goelzer Investment Management Inc. increased its stake in iShares 20+ Year Treasury Bond ETF by 1.0% during the third quarter. Goelzer Investment Management Inc. now owns 15,186 shares of the exchange traded fund’s stock worth $1,490,000 after purchasing an additional 143 shares during the period. Pinnacle Family Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 6.3% during the third quarter. Pinnacle Family Advisors LLC now owns 2,472 shares of the exchange traded fund’s stock worth $242,000 after purchasing an additional 147 shares during the period. Claro Advisors LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 0.9% during the fourth 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 in the last quarter. Finally, Empirical Asset Management LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 2.5% during the third quarter. Empirical Asset Management LLC now owns 6,220 shares of the exchange traded fund’s stock worth $610,000 after buying an additional 152 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Down 0.2 %

Shares of TLT opened at $88.01 on Thursday. The stock has a 50 day moving average price of $89.21 and a 200 day moving average price of $93.25. The company has a market capitalization of $52.02 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52-week low of $84.89 and a 52-week high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.351 dividend. This is an increase 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 4.79%. The ex-dividend date was Wednesday, December 18th.

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.