Summit Global Investments Buys 11,882 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Summit Global Investments grew its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,882 shares of the exchange traded fund’s stock after buying an additional 11,882 shares during the period. iShares 20+ Year Treasury Bond ETF makes up 0.9% of Summit Global Investments’ holdings, making the stock its 22nd biggest position. Summit Global Investments’ holdings in iShares 20+ Year Treasury Bond ETF were worth $14,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TLT. Motco acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter worth $34,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $35,000. ORG Wealth Partners LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Finally, Anfield Capital Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 1.3 %

Shares of TLT stock opened at $91.33 on Friday. iShares 20+ Year Treasury Bond ETF has a twelve month low of $86.74 and a twelve month high of $101.64. The business has a fifty day simple moving average of $96.00 and a 200 day simple moving average of $94.08. The company has a market cap of $59.16 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.3105 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, November 1st.

iShares 20+ Year Treasury Bond ETF 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.