Synovus Financial Corp Acquires 1,092 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Synovus Financial Corp boosted its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,076 shares of the exchange traded fund’s stock after purchasing an additional 1,092 shares during the period. Synovus Financial Corp’s holdings in iShares 20+ Year Treasury Bond ETF were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter valued at $35,000. ORG Wealth Partners LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter valued at $35,000. Anfield Capital Management LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter valued at $36,000. PSI Advisors LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 79.6% in the second quarter. PSI Advisors LLC now owns 413 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 183 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter valued at $42,000. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $90.64 on Wednesday. The stock has a market cap of $58.72 billion, a P/E ratio of -7.14 and a beta of 0.06. The company has a fifty day moving average price of $92.38 and a two-hundred day moving average price of $94.48. iShares 20+ Year Treasury Bond ETF has a one year low of $87.34 and a one year high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were paid a $0.325 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous dividend of $0.31.

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.