Principal Financial Group Inc. Has $14.53 Million Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Principal Financial Group Inc. decreased its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 3.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,597 shares of the exchange traded fund’s stock after selling 5,270 shares during the period. Principal Financial Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $14,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capstone Wealth Management Group LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 409.3% in the 1st quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock worth $4,629,000 after purchasing an additional 40,863 shares during the period. Able Wealth Management LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 26.6% in the 1st quarter. Able Wealth Management LLC now owns 3,691 shares of the exchange traded fund’s stock worth $336,000 after purchasing an additional 775 shares during the period. Capital Investment Counsel Inc boosted its stake in iShares 20+ Year Treasury Bond ETF by 10.2% in the 1st quarter. Capital Investment Counsel Inc now owns 7,330 shares of the exchange traded fund’s stock worth $667,000 after purchasing an additional 680 shares during the period. Latitude Advisors LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 8.5% in the 1st quarter. Latitude Advisors LLC now owns 38,781 shares of the exchange traded fund’s stock worth $3,530,000 after purchasing an additional 3,022 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in iShares 20+ Year Treasury Bond ETF in the 1st quarter worth $219,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 1.4%

Shares of NASDAQ TLT opened at $85.79 on Friday. The firm has a market cap of $46.53 billion, a PE ratio of -6.75 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1-year low of $83.30 and a 1-year high of $101.64. The company has a fifty day moving average price of $86.33 and a 200 day moving average price of $87.94.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were paid a $0.3283 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a $3.94 dividend on an annualized basis and a yield of 4.59%.

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.