iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Raises Dividend to $0.34 Per Share

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) declared a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Investors of record on Wednesday, April 1st will be paid a dividend of 0.3448 per share by the exchange traded fund on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 14.7% increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.30.

iShares 20+ Year Treasury Bond ETF Stock Down 0.5%

NASDAQ TLT traded down $0.43 on Wednesday, reaching $86.26. The company had a trading volume of 30,076,225 shares, compared to its average volume of 42,206,945. The company’s fifty day moving average is $88.02 and its 200 day moving average is $88.74. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.29 and a 52-week high of $94.09. The stock has a market capitalization of $44.76 billion, a P/E ratio of -6.75 and a beta of 0.53.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 130.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 161 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth approximately $27,000. Strategic Investment Advisors MI bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $27,000. 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 approximately $31,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the second quarter valued at approximately $33,000. 73.33% of the stock is owned by institutional investors.

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.