CWA Asset Management Group LLC Makes New Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

CWA Asset Management Group LLC purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,200 shares of the exchange traded fund’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Motco bought a new position in iShares 20+ Year Treasury Bond ETF in the 1st quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at approximately $34,000. Riggs Asset Managment Co. Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at approximately $35,000. ORG Wealth Partners LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at approximately $35,000. Finally, Anfield Capital Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at approximately $36,000. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ TLT opened at $90.66 on Wednesday. The company has a market capitalization of $58.73 billion, a P/E ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a one year low of $86.90 and a one year high of $101.64. The stock has a 50 day moving average price of $95.69 and a 200-day moving average price of $94.22.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.3105 per share. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Friday, November 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.