Benin Management CORP Purchases New Position in iShares 20+ Year Treasury Bond ETF $TLT

Benin Management CORP purchased a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,408 shares of the exchange traded fund’s stock, valued at approximately $4,655,000. iShares 20+ Year Treasury Bond ETF comprises about 1.0% of Benin Management CORP’s investment portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davis Rea LTD. purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth approximately $4,468,000. Alliance Wealth Advisors LLC UT purchased a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $1,378,000. WestEnd Advisors LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 17.1% in the third quarter. WestEnd Advisors LLC now owns 923,315 shares of the exchange traded fund’s stock valued at $82,518,000 after buying an additional 134,792 shares during the last quarter. First Horizon Corp acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $5,510,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 439.2% in the third quarter. Global Retirement Partners LLC now owns 46,705 shares of the exchange traded fund’s stock valued at $4,174,000 after acquiring an additional 38,043 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 1.0%

Shares of TLT opened at $86.84 on Thursday. The company’s 50 day simple moving average is $88.13 and its 200-day simple moving average is $88.85. The firm has a market cap of $45.06 billion, a PE ratio of -6.75 and a beta of 0.53. iShares 20+ Year Treasury Bond ETF has a 12-month low of $83.29 and a 12-month high of $94.09.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.3006 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.