Northwestern Mutual Wealth Management Co. Grows Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Northwestern Mutual Wealth Management Co. grew its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 2,810.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,622,890 shares of the exchange traded fund’s stock after buying an additional 31,502,110 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for about 3.0% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 7th largest position. Northwestern Mutual Wealth Management Co. owned approximately 5.50% of iShares 20+ Year Treasury Bond ETF worth $2,994,131,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Motco purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the first quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth about $34,000. Riggs Asset Managment Co. Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth about $35,000. Anfield Capital Management LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth about $36,000. Finally, Palisade Asset Management LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter worth about $37,000. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $98.57 on Friday. The stock has a 50-day moving average of $97.44 and a two-hundred day moving average of $93.74. iShares 20+ Year Treasury Bond ETF has a one year low of $82.42 and a one year high of $101.64. The stock has a market cap of $58.43 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.3128 per share. The ex-dividend date was Tuesday, September 3rd.

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.