Farmers & Merchants Trust Co of Chambersburg PA Has $20.47 Million Stake in iShares 20+ Year Treasury Bond ETF $TLT

Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 15.2% in the first quarter, HoldingsChannel.com reports. The fund owned 236,117 shares of the exchange traded fund’s stock after acquiring an additional 31,067 shares during the period. iShares 20+ Year Treasury Bond ETF comprises about 5.6% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 2nd largest holding. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in iShares 20+ Year Treasury Bond ETF were worth $20,469,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TLT. Bank of America Corp DE raised its holdings in iShares 20+ Year Treasury Bond ETF by 10.5% in the 4th quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock worth $9,505,452,000 after purchasing an additional 10,380,437 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.4% during the 4th 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. Morgan Stanley boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 31.3% during the 4th 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 in the last quarter. JPMorgan Chase & Co. increased its position 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 valued at $784,229,000 after buying an additional 44,234,543 shares during the period. Finally, Pureheart Capital Pte Ltd. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at about $292,683,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $84.36 on Thursday. The company has a 50-day simple moving average of $85.50 and a two-hundred day simple moving average of $86.89. The firm has a market capitalization of $41.17 billion, a PE ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a one year low of $82.77 and a one year high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.318 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, July 1st.

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.