Principal Financial Group Inc. Purchases 27,586 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Principal Financial Group Inc. grew its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 45.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,273 shares of the exchange traded fund’s stock after purchasing an additional 27,586 shares during the period. Principal Financial Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $8,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at about $35,000. Prospera Private Wealth LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $42,000. Addison Advisors LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $52,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at $59,000. Finally, PSI Advisors LLC raised its position in iShares 20+ Year Treasury Bond ETF by 58.4% in the 3rd quarter. PSI Advisors LLC now owns 654 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 241 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Down 0.5 %

NASDAQ TLT opened at $87.33 on Wednesday. The company has a 50-day simple moving average of $91.09 and a two-hundred day simple moving average of $94.15. iShares 20+ Year Treasury Bond ETF has a 12-month low of $86.98 and a 12-month high of $101.64. The firm has a market cap of $56.57 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.351 per share. This represents a $4.21 annualized dividend and a yield of 4.82%. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares 20+ Year Treasury Bond ETF Company 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.