Procyon Advisors LLC Purchases 113,424 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Procyon Advisors LLC raised its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 948.4% in the 1st quarter, HoldingsChannel reports. The firm owned 125,383 shares of the exchange traded fund’s stock after purchasing an additional 113,424 shares during the quarter. Procyon Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $10,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TLT. Strategic Investment Advisors MI acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Summer Road LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 117.6% in 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 during the last quarter. Trust Co. of Vermont raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 90.5% in the fourth quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Finally, Stone House Investment Management LLC raised its position in iShares 20+ Year Treasury Bond ETF by 1,066.7% in the 4th quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT opened at $84.47 on Monday. The company has a market cap of $41.60 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The stock’s fifty day moving average price is $85.44 and its two-hundred day moving average price is $86.85. iShares 20+ Year Treasury Bond ETF has a 52-week low of $82.77 and a 52-week 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 given a dividend of $0.318 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.