King Wealth Management Group Has $298,000 Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

King Wealth Management Group decreased its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 5.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,036 shares of the exchange traded fund’s stock after selling 161 shares during the period. King Wealth Management Group’s holdings in iShares 20+ Year Treasury Bond ETF were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TLT. Motco acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the third quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter valued at $34,000. Riggs Asset Managment Co. Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth about $35,000. Finally, Anfield Capital Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $36,000. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

iShares 20+ Year Treasury Bond ETF stock opened at $90.32 on Friday. The stock has a market capitalization of $58.51 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52-week low of $87.34 and a 52-week high of $101.64. The stock’s 50 day moving average price is $95.32 and its two-hundred day moving average price is $94.16.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.3105 per share. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, November 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.