Patton Albertson Miller Group LLC Makes New Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Patton Albertson Miller Group LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,760 shares of the exchange traded fund’s stock, valued at approximately $590,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at about $35,000. West Branch Capital LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 94.9% in the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 203 shares during the period. Prospera Private Wealth LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $42,000. ST Germain D J Co. Inc. grew its stake in iShares 20+ Year Treasury Bond ETF by 73.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 201 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth approximately $59,000. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ TLT opened at $87.22 on Friday. The company’s 50 day simple moving average is $89.35 and its two-hundred day simple moving average is $93.36. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64. The stock has a market capitalization of $51.29 billion, a PE ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.351 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Wednesday, December 18th. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.