Merit Financial Group LLC Acquires 22,048 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Merit Financial Group LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 101.3% during the fourth quarter, Holdings Channel reports. The fund owned 43,814 shares of the exchange traded fund’s stock after purchasing an additional 22,048 shares during the period. Merit Financial Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth approximately $42,000. ST Germain D J Co. Inc. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 73.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 201 shares during the last quarter. CarsonAllaria Wealth Management Ltd. bought a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at $59,000. Finally, PSI Advisors LLC grew its holdings 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 valued at $64,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT opened at $87.19 on Friday. The stock has a fifty day moving average of $89.67 and a 200-day moving average of $93.53. The company has a market capitalization of $51.06 billion, a P/E ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.351 dividend. This is a boost 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. This represents a $4.21 annualized dividend and a yield of 4.83%.

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.