Royal Fund Management LLC Takes Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Royal Fund Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 80,669 shares of the exchange traded fund’s stock, valued at approximately $7,977,000. iShares 20+ Year Treasury Bond ETF comprises approximately 0.9% of Royal Fund Management LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. SVB Wealth LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at about $336,000. Kingswood Wealth Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $229,000. FinTrust Capital Advisors LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 33,514.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 2,353 shares of the exchange traded fund’s stock valued at $209,000 after acquiring an additional 2,346 shares during the period. J.W. Cole Advisors Inc. bought a new position in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth $483,000. Finally, Bank of New York Mellon Corp lifted its position in iShares 20+ Year Treasury Bond ETF by 147.7% during the third quarter. Bank of New York Mellon Corp now owns 1,274,165 shares of the exchange traded fund’s stock valued at $113,006,000 after purchasing an additional 759,792 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Up 1.0 %

NASDAQ:TLT traded up $0.90 during mid-day trading on Friday, hitting $89.84. 50,066,075 shares of the company traded hands, compared to its average volume of 43,806,707. The stock’s fifty day moving average price is $91.99 and its 200-day moving average price is $92.62. iShares 20+ Year Treasury Bond ETF has a one year low of $82.42 and a one year high of $106.45. The firm has a market cap of $46.26 billion, a price-to-earnings ratio of -7.14 and a beta of 0.39.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a $0.3077 dividend. This represents a $3.69 annualized dividend and a yield of 4.11%. The ex-dividend date is Wednesday, May 1st.

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.