Prevail Innovative Wealth Advisors LLC Invests $6.85 Million in iShares 20+ Year Treasury Bond ETF $TLT

Prevail Innovative Wealth Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 76,616 shares of the exchange traded fund’s stock, valued at approximately $6,847,000. iShares 20+ Year Treasury Bond ETF comprises approximately 1.3% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 13th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Davis Rea LTD. purchased a new position in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at $4,468,000. WestEnd Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 17.1% in the 3rd quarter. WestEnd Advisors LLC now owns 923,315 shares of the exchange traded fund’s stock valued at $82,518,000 after buying an additional 134,792 shares during the period. Alliance Wealth Advisors LLC UT purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $1,378,000. First Horizon Corp purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $5,510,000. Finally, Global Retirement Partners LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 439.2% in the 3rd quarter. Global Retirement Partners LLC now owns 46,705 shares of the exchange traded fund’s stock worth $4,174,000 after acquiring an additional 38,043 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 0.4%

Shares of NASDAQ:TLT opened at $88.46 on Friday. The company has a market cap of $45.90 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53. The firm’s 50-day simple moving average is $88.26 and its 200-day simple moving average is $88.82. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.29 and a fifty-two week high of $94.09.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.3006 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.