Archford Capital Strategies LLC Takes $2.23 Million Position in iShares 20+ Year Treasury Bond ETF $TLT

Archford Capital Strategies LLC purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,535 shares of the exchange traded fund’s stock, valued at approximately $2,226,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLT. Cary Street Partners Investment Advisory LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 130.9% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 161 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $27,000. Strategic Investment Advisors MI purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $27,000. Ameritas Investment Partners Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth $33,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.1%

Shares of TLT stock opened at $86.69 on Wednesday. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.29 and a twelve month high of $94.09. The stock has a fifty day simple moving average of $88.02 and a two-hundred day simple moving average of $88.74. The stock has a market capitalization of $44.98 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.