Concurrent Investment Advisors LLC Purchases 113,558 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Concurrent Investment Advisors LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 25.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 561,799 shares of the exchange traded fund’s stock after acquiring an additional 113,558 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $48,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $31,000. Summer Road LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 117.6% during the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Axiom Investment Management LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth about $32,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth about $37,000. Finally, WFA of San Diego LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $46,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT stock opened at $82.07 on Friday. The business has a 50-day simple moving average of $83.48 and a two-hundred day simple moving average of $85.53. The company has a market capitalization of $41.34 billion, a P/E ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 52-week low of $81.17 and a 52-week high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be given a dividend of $0.3147 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.