Principal Financial Group Inc. Boosts Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

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

A number of other institutional investors also recently modified their holdings of the business. ORG Wealth Partners LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the third quarter valued at about $35,000. Prospera Private Wealth LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the third quarter valued at approximately $42,000. Addison Advisors LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth approximately $52,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth approximately $59,000. Finally, PSI Advisors LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 58.4% in the 3rd quarter. PSI Advisors LLC now owns 654 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 241 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $87.33 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 52-week low of $86.98 and a 52-week high of $101.64. The company has a market capitalization of $56.57 billion, a PE ratio of -7.14 and a beta of 0.06. The business’s fifty day moving average is $91.09 and its 200 day moving average is $94.15.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.351 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $4.21 annualized dividend and a dividend yield of 4.82%. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.