Cardinal Strategic Wealth Guidance Has $2.54 Million Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Cardinal Strategic Wealth Guidance raised its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 28,731 shares of the exchange traded fund’s stock after acquiring an additional 2,261 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up about 0.7% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 21st largest holding. Cardinal Strategic Wealth Guidance’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,536,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $25,000. Byrne Asset Management LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $26,000. Proathlete Wealth Management LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $28,000. Coastline Trust Co bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $32,000. Finally, First Pacific Financial bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $38,000. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT opened at $89.38 on Friday. The firm’s fifty day moving average is $88.02 and its 200-day moving average is $87.54. iShares 20+ Year Treasury Bond ETF has a 52 week low of $83.29 and a 52 week high of $95.96. The firm has a market cap of $48.84 billion, a P/E ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be paid a $0.3104 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 1st.

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.