Midwest Capital Advisors LLC Invests $2.39 Million in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Midwest Capital Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,373 shares of the exchange traded fund’s stock, valued at approximately $2,390,000. iShares 20+ Year Treasury Bond ETF comprises about 1.7% of Midwest Capital Advisors LLC’s portfolio, making the stock its 14th largest position.

Other large investors have also modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $26,000. Richardson Financial Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $32,000. Van ECK Associates Corp boosted its position in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 178 shares during the last quarter. Finally, West Branch Capital LLC boosted its position in 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 buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 1.2 %

Shares of NASDAQ TLT opened at $89.57 on Monday. The business’s 50 day moving average price is $87.86 and its 200 day moving average price is $92.58. The firm has a market cap of $54.44 billion, a P/E ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.3123 dividend. The ex-dividend date was Monday, February 3rd.

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.