On September 5, 2023, Principal Financial Group Inc. disclosed their recent acquisition of shares in the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). As per their 13F filing submitted to the Securities and Exchange Commission (SEC) for the first quarter, the institutional investor purchased 15,897 shares of the exchange traded fund’s stock. The total worth of this position is estimated to be around $1,691,000.
The iShares 20+ Year Treasury Bond ETF is an investment product that tracks the performance of US Treasury bonds with a maturity of more than two decades. It provides investors with exposure to long-term fixed income securities issued by the US government.
For those interested in further insights into hedge funds’ holdings, HoldingsChannel.com offers access to the latest 13F filings and insider trades related to iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). This platform provides financial professionals and individual investors with valuable information to make informed decisions regarding their investment portfolios.
Moreover, it is noteworthy that the company recently declared a monthly dividend payout scheduled for Friday, September 8th. Shareholders who were recorded on Tuesday, September 5th will receive a dividend of $0.2886 per share. This value translates into an annualized dividend amounting to $3.46 per share and represents a yield of approximately 3.65%. It should be noted that on Friday, September 1st, TLT had its ex-dividend date.
The purchase made by Principal Financial Group Inc., coupled with the announcement of a monthly dividend payment from iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), signifies notable activity within the realm of treasury bond investments. Investors and market analysts may monitor these developments closely as they provide valuable insights into financial trends and potential future opportunities in this sector.
As always, it is crucial for investors to conduct thorough research and seek guidance from financial advisors before making any investment decisions. These professionals possess the expertise required to navigate complexities within the financial markets and align investment strategies with individual objectives and risk tolerances.
iShares 20+ Year Treasury Bond ETF
Updated on: 06/12/2023
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Significant Holdings Modifications in iShares 20+ Year Treasury Bond ETF by Major Investors: Implications and Future Trajectory
September 5, 2023 – iShares 20+ Year Treasury Bond ETF, an exchange-traded fund (ETF), has seen significant modifications in its holdings from several major investors. Moors & Cabot Inc. increased its ownership of the ETF by a staggering 53.1% during the fourth quarter. As a result, Moors & Cabot Inc. now possesses 3,035 shares of the stock valued at $302,000 after acquiring an additional 1,053 shares in that period.
Similarly, Geneos Wealth Management Inc., during the first quarter, saw a remarkable growth of 963.5% in its holdings of iShares 20+ Year Treasury Bond ETF. The company now owns an impressive 23,396 shares worth $2,489,000 after acquiring an additional 21,196 shares.
Thrivent Financial for Lutherans also experienced a considerable increase in their ownership of the ETF by 55.4% during the fourth quarter. The organization’s current holdings amount to 308,309 shares valued at $30,716,000 after acquiring an additional 109,913 shares.
Mechanics Bank Trust Department recorded a growth of 36.6% in their holdings during the first quarter and now owns 73,657 shares worth $7,835,000 after acquiring an additional 19,745 shares.
Finally, Alliance Wealth Advisors LLC UT witnessed a modest increase rate of 2.9% during the first quarter when it acquired an additional 3,033 shares of iShares 20+ Year Treasury Bond ETF stock. Currently holding approximately 108,521 shares worth $11,543,
Hedge funds and other institutional investors are bolstering their stakes to ensure that they maintain control over approximately two-thirds (66.54%) of the overall company’s stock.
On Tuesday morning trading session on September 5th this year; iShares20+ Year Treasury Bond ETF opened at $94.85. The stock’s trading range over the past year has been between a low of $91.85 and a peak of $110.56.
The average closing price for the iShares 20+ Year Treasury Bond ETF over the previous fifty days stands at $98.46, while its two-hundred day moving average is recorded at $102.13.
iShares 20+ Year Treasury Bond ETF functions as an exchange-traded fund and seeks to track the investment performance of an index composed entirely of United States Treasury bonds with remaining maturities exceeding 20 years.
In its pursuit to deliver accurate results to investors, the iShares 20+ Year Treasury Bond ETF aims to closely follow the investment outcomes of the Barclays U.S. 20+ Year Treasury Bond Index, which serves as its underlying benchmark. This index measures the performance of public obligations issued by the United States Treasury that have remaining maturities equal to or exceeding 20 years.
While these recent modifications in holdings may leave market participants perplexed, it is important to note that large institutional investors play a crucial role in shaping market dynamics and often make calculated moves based on their analysis and strategies. As we move forward, it will be interesting to observe how these prominent investors continue to adapt their positions within iShares 20+ Year Treasury Bond ETF and their implications on the company’s overall trajectory.