22,509 Shares in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Acquired by DKM Wealth Management Inc.

DKM Wealth Management Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,509 shares of the exchange traded fund’s stock, valued at approximately $1,966,000. iShares 20+ Year Treasury Bond ETF makes up 1.9% of DKM Wealth Management Inc.’s investment portfolio, making the stock its 12th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth about $30,000. New Wave Wealth Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $32,000. Van ECK Associates Corp grew its position in iShares 20+ Year Treasury Bond ETF by 82.4% in the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 178 shares during the last quarter. Finally, West Branch Capital LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th 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 in the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ TLT opened at $91.49 on Wednesday. The stock has a 50 day moving average price of $89.66 and a 200 day moving average price of $91.15. The firm has a market capitalization of $55.61 billion, a price-to-earnings ratio of -7.21 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 firm also recently announced a monthly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.3256 per share. This represents a $3.91 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, April 1st.

iShares 20+ Year Treasury Bond ETF Profile

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.