Apollon Wealth Management LLC Has $1.60 Million Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Apollon Wealth Management LLC trimmed its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 56.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,393 shares of the exchange traded fund’s stock after selling 23,968 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,603,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TLT. Davis Rea LTD. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth approximately $4,468,000. CPR Investments Inc. lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 164.4% in the fourth quarter. CPR Investments Inc. now owns 76,780 shares of the exchange traded fund’s stock worth $6,692,000 after purchasing an additional 47,741 shares in the last quarter. Alliance Wealth Advisors LLC UT purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth approximately $1,378,000. WestEnd Advisors LLC lifted its position in shares of 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 worth $82,518,000 after purchasing an additional 134,792 shares in the last quarter. Finally, First Horizon Corp purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth approximately $5,510,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ TLT opened at $86.75 on Tuesday. The company has a 50 day simple moving average of $87.86 and a 200-day simple moving average of $88.57. The firm has a market capitalization of $42.27 billion, a price-to-earnings ratio of -6.75 and a beta of 0.57. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.29 and a 52-week high of $92.18.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a $0.3448 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, April 1st.

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.