Paces Ferry Wealth Advisors LLC Invests $2.26 Million in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Paces Ferry Wealth Advisors LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,878 shares of the exchange traded fund’s stock, valued at approximately $2,260,000. iShares 20+ Year Treasury Bond ETF accounts for about 1.1% of Paces Ferry Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Hollencrest Capital Management boosted its position in iShares 20+ Year Treasury Bond ETF by 0.9% in the 4th quarter. Hollencrest Capital Management now owns 14,419 shares of the exchange traded fund’s stock worth $1,259,000 after purchasing an additional 122 shares in the last quarter. New Republic Capital LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 12.2% in the 4th quarter. New Republic Capital LLC now owns 1,289 shares of the exchange traded fund’s stock valued at $113,000 after purchasing an additional 140 shares during the period. Pinnacle Family Advisors LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 6.3% during the third quarter. Pinnacle Family Advisors LLC now owns 2,472 shares of the exchange traded fund’s stock worth $242,000 after buying an additional 147 shares in the last quarter. Claro Advisors LLC grew its position in iShares 20+ Year Treasury Bond ETF by 0.9% during the fourth quarter. Claro Advisors LLC now owns 16,347 shares of the exchange traded fund’s stock valued at $1,428,000 after buying an additional 149 shares during the period. Finally, Latko Wealth Management Ltd. grew its position in iShares 20+ Year Treasury Bond ETF by 4.3% during the fourth quarter. Latko Wealth Management Ltd. now owns 3,659 shares of the exchange traded fund’s stock valued at $320,000 after buying an additional 150 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $90.70 on Friday. The firm has a 50-day simple moving average of $89.19 and a two-hundred day simple moving average of $91.70. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week high of $101.64. The company has a market cap of $55.13 billion, a P/E ratio of -7.21 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2898 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 20+ Year Treasury Bond ETF Company 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.