Sumitomo Mitsui Financial Group Inc. Has $31.16 Million Stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Sumitomo Mitsui Financial Group Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 28.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 356,833 shares of the exchange traded fund’s stock after buying an additional 78,251 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for approximately 0.4% of Sumitomo Mitsui Financial Group Inc.’s holdings, making the stock its 29th largest position. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $31,162,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 1,901.0% during the fourth quarter. Wealthfront Advisers LLC now owns 1,588,699 shares of the exchange traded fund’s stock worth $138,741,000 after buying an additional 1,509,302 shares during the last quarter. FMR LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 24.3% during the 4th quarter. FMR LLC now owns 7,274,989 shares of the exchange traded fund’s stock worth $635,325,000 after buying an additional 1,421,699 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $68,474,000. University of Illinois Foundation grew its stake in iShares 20+ Year Treasury Bond ETF by 121.2% in the fourth quarter. University of Illinois Foundation now owns 1,405,528 shares of the exchange traded fund’s stock valued at $122,745,000 after acquiring an additional 770,040 shares during the period. Finally, US Bancorp DE raised its position in shares of iShares 20+ Year Treasury Bond ETF by 78.0% during the fourth quarter. US Bancorp DE now owns 1,697,051 shares of the exchange traded fund’s stock worth $148,211,000 after purchasing an additional 743,864 shares during the period. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $92.85 on Monday. The firm has a market cap of $52.76 billion, a P/E ratio of -7.38 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64. The firm’s 50 day moving average price is $89.95 and its two-hundred day moving average price is $90.97.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were issued a dividend of $0.3256 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.91 annualized dividend and a yield of 4.21%.

iShares 20+ Year Treasury Bond ETF 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.