Wells Financial Advisors INC Has $307,000 Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Wells Financial Advisors INC raised its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 89.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,520 shares of the exchange traded fund’s stock after purchasing an additional 1,663 shares during the quarter. Wells Financial Advisors INC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Independence Bank of Kentucky bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at about $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $32,000. Van ECK Associates Corp increased its stake in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 178 shares during the last quarter. Finally, West Branch Capital LLC raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 203 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 stock opened at $89.76 on Wednesday. The firm has a market cap of $54.56 billion, a P/E ratio of -7.21 and a beta of 0.06. The firm’s fifty day moving average is $89.36 and its 200 day moving average is $91.51. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.2898 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.