DRW Securities LLC Invests $63.06 Million in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

DRW Securities LLC bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 642,809 shares of the exchange traded fund’s stock, valued at approximately $63,060,000. iShares 20+ Year Treasury Bond ETF accounts for about 1.8% of DRW Securities LLC’s portfolio, making the stock its 5th largest holding. DRW Securities LLC owned about 0.10% of iShares 20+ Year Treasury Bond ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Divergent Wealth Advisors grew its position in iShares 20+ Year Treasury Bond ETF by 1.1% in the third quarter. Divergent Wealth Advisors now owns 10,869 shares of the exchange traded fund’s stock valued at $1,066,000 after acquiring an additional 117 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its holdings in iShares 20+ Year Treasury Bond ETF by 4.0% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 3,282 shares of the exchange traded fund’s stock valued at $301,000 after purchasing an additional 127 shares in the last quarter. Crewe Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 22.4% during the 2nd quarter. Crewe Advisors LLC now owns 737 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 135 shares during the period. Institute for Wealth Management LLC. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 3.8% in the 2nd quarter. Institute for Wealth Management LLC. now owns 3,713 shares of the exchange traded fund’s stock worth $341,000 after buying an additional 136 shares in the last quarter. Finally, Moser Wealth Advisors LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 0.6% in the 2nd quarter. Moser Wealth Advisors LLC now owns 22,661 shares of the exchange traded fund’s stock valued at $2,080,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ TLT opened at $90.39 on Monday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $87.34 and a 1 year high of $101.64. The stock’s 50-day simple moving average is $94.14 and its 200-day simple moving average is $94.27. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.3105 per share. The ex-dividend date was Friday, November 1st. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 annualized dividend and a yield of 4.12%.

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.