Northern Trust Corp Makes New $19.94 Million Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Northern Trust Corp bought a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, Holdings Channel reports. The fund bought 228,345 shares of the exchange traded fund’s stock, valued at approximately $19,941,000.

A number of other institutional investors also recently modified their holdings of TLT. Independence Bank of Kentucky acquired a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $30,000. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth $32,000. Van ECK Associates Corp grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares in the last quarter. Finally, West Branch Capital LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 94.9% in the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 203 shares during the period. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 0.4%

TLT stock opened at $85.89 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64. The business has a 50-day simple moving average of $89.02 and a 200 day simple moving average of $89.47. The company has a market cap of $46.48 billion, a PE ratio of -7.06 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a $0.3276 dividend. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33. This represents a $3.93 annualized dividend and a yield of 4.58%. The ex-dividend date was Thursday, May 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.