Sumitomo Mitsui Financial Group Inc. Raises Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 28.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 356,833 shares of the exchange traded fund’s stock after acquiring an additional 78,251 shares during the period. iShares 20+ Year Treasury Bond ETF comprises about 0.4% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 29th biggest holding. Sumitomo Mitsui Financial Group Inc. owned approximately 0.06% of iShares 20+ Year Treasury Bond ETF worth $31,162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 45.5% during the third quarter. Principal Financial Group Inc. now owns 88,273 shares of the exchange traded fund’s stock valued at $8,660,000 after purchasing an additional 27,586 shares during the period. ST Germain D J Co. Inc. boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 73.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 201 shares during the period. Cornerstone Wealth Management LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 5.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,782 shares of the exchange traded fund’s stock valued at $330,000 after purchasing an additional 201 shares during the period. Palogic Value Management L.P. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $3,013,000. Finally, Dynasty Wealth Management LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 50.7% in the 4th quarter. Dynasty Wealth Management LLC now owns 905,254 shares of the exchange traded fund’s stock valued at $79,056,000 after buying an additional 304,416 shares during the period. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ TLT opened at $92.85 on Monday. The stock has a market cap of $52.76 billion, a price-to-earnings ratio of -7.38 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. The business has a 50 day simple moving average of $89.95 and a 200 day simple moving average of $90.97.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a $0.3256 dividend. This represents a $3.91 annualized dividend and a yield of 4.21%. The ex-dividend date was 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.