Hanlon Investment Management Inc. Acquires 50,137 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Hanlon Investment Management Inc. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 971.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,297 shares of the exchange traded fund’s stock after acquiring an additional 50,137 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up approximately 1.5% of Hanlon Investment Management Inc.’s holdings, making the stock its 12th biggest holding. Hanlon Investment Management Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $5,425,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. McAdam LLC lifted its holdings in 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 buying an additional 5,893 shares during the period. Saxon Interests Inc. lifted its stake 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 valued at $562,000 after purchasing an additional 1,355 shares during the period. Riverwater Partners LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth $223,000. Vontobel Holding Ltd. grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 99.7% during 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 period. Finally, Hancock Whitney Corp bought a new stake in iShares 20+ Year Treasury Bond ETF in the first quarter valued at about $1,674,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $91.92 on Tuesday. The stock has a 50-day moving average of $96.38 and a 200-day moving average of $94.10. iShares 20+ Year Treasury Bond ETF has a one year low of $86.60 and a one year high of $101.64. The stock has a market cap of $59.55 billion, a PE ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be given a $0.3105 dividend. The ex-dividend date is Friday, November 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 annualized dividend and a dividend yield of 4.05%.

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.