Principal Financial Group Inc. Acquires 27,586 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Principal Financial Group Inc. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 45.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,273 shares of the exchange traded fund’s stock after acquiring an additional 27,586 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $8,660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $34,000. Riggs Asset Managment Co. Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $35,000. ORG Wealth Partners LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Anfield Capital Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $36,000. Finally, PSI Advisors LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 79.6% in the 2nd quarter. PSI Advisors LLC now owns 413 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 183 shares during the period. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT opened at $90.24 on Tuesday. The stock has a fifty day moving average price of $94.94 and a 200-day moving average price of $94.26. The company has a market cap of $58.46 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $87.34 and a fifty-two week high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.3105 per share. This represents a $3.73 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 1st.

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.