Triumph Capital Management Makes New Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Triumph Capital Management acquired a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,315 shares of the exchange traded fund’s stock, valued at approximately $901,000.

Several other hedge funds have also bought and sold shares of TLT. Independence Bank of Kentucky purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $32,000. Van ECK Associates Corp lifted its position 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 valued at $34,000 after buying an additional 178 shares in the last quarter. Finally, West Branch Capital LLC lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ:TLT opened at $86.30 on Friday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64. The firm has a market capitalization of $46.70 billion, a price-to-earnings ratio of -7.06 and a beta of 0.06. The business’s 50 day moving average price is $88.74 and its 200-day moving average price is $89.34.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were given a dividend of $0.3276 per share. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $3.93 dividend on an annualized basis and a dividend yield of 4.56%.

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.