Okabena Investment Services Inc. Purchases Shares of 69,412 iShares 20+ Year Treasury Bond ETF $TLT

Okabena Investment Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the second quarter, HoldingsChannel reports. The institutional investor purchased 69,412 shares of the exchange traded fund’s stock, valued at approximately $5,999,000. iShares 20+ Year Treasury Bond ETF accounts for approximately 1.1% of Okabena Investment Services Inc.’s holdings, making the stock its 24th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $31,000. Summer Road LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 117.6% during the 1st quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $37,000. Finally, WFA of San Diego LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $46,000. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Down 0.3%

Shares of TLT stock opened at $82.88 on Friday. The company’s fifty day simple moving average is $83.85 and its 200-day simple moving average is $85.74. The firm has a market cap of $41.75 billion, a PE ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 12 month low of $81.17 and a 12 month high of $92.18.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a dividend of $0.3305 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.8%.

About iShares 20+ Year Treasury Bond ETF

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.