Apollon Wealth Management LLC Has $3.48 Million Stock Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Apollon Wealth Management LLC boosted its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 118.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,154 shares of the exchange traded fund’s stock after buying an additional 21,761 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,481,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 125.5% during the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock worth $784,229,000 after acquiring an additional 44,234,543 shares in the last quarter. Bank of America Corp DE boosted its position in iShares 20+ Year Treasury Bond ETF by 10.5% during the fourth quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock valued at $9,505,452,000 after purchasing an additional 10,380,437 shares during the last quarter. Morgan Stanley boosted its position in iShares 20+ Year Treasury Bond ETF by 31.3% during the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after purchasing an additional 4,577,906 shares during the last quarter. Pureheart Capital Pte Ltd. purchased a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at about $292,683,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in iShares 20+ Year Treasury Bond ETF by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock valued at $3,760,094,000 after purchasing an additional 1,418,641 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $86.42 on Wednesday. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $82.77 and a fifty-two week high of $92.18. The stock’s 50-day moving average is $85.68 and its two-hundred day moving average is $87.01. The firm has a market cap of $43.00 billion, a P/E ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3358 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.