Merriman Wealth Management LLC Purchases New Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Merriman Wealth Management LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 54,084 shares of the exchange traded fund’s stock, valued at approximately $4,964,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC raised its position in iShares 20+ Year Treasury Bond ETF by 134.1% during the fourth quarter. Rafferty Asset Management LLC now owns 36,566,862 shares of the exchange traded fund’s stock valued at $3,615,731,000 after purchasing an additional 20,946,006 shares during the period. Jane Street Group LLC raised its position in iShares 20+ Year Treasury Bond ETF by 49.1% during the first quarter. Jane Street Group LLC now owns 19,599,021 shares of the exchange traded fund’s stock valued at $1,854,459,000 after purchasing an additional 6,457,638 shares during the period. Annex Advisory Services LLC raised its position in iShares 20+ Year Treasury Bond ETF by 11,463.6% during the second quarter. Annex Advisory Services LLC now owns 2,538,906 shares of the exchange traded fund’s stock valued at $233,021,000 after purchasing an additional 2,516,950 shares during the period. TD Asset Management Inc raised its position in iShares 20+ Year Treasury Bond ETF by 26.2% during the fourth quarter. TD Asset Management Inc now owns 9,739,457 shares of the exchange traded fund’s stock valued at $963,038,000 after purchasing an additional 2,023,240 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter valued at approximately $143,473,000. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $98.88 on Friday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.42 and a 1 year high of $101.64. The stock’s 50 day simple moving average is $96.96 and its two-hundred day simple moving average is $93.66. The company has a market cap of $58.62 billion, a PE ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.3128 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.