Pinnacle Bancorp Inc. Acquires 423 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Pinnacle Bancorp Inc. boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,502 shares of the exchange traded fund’s stock after purchasing an additional 423 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLT. ORG Wealth Partners LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth $35,000. Prospera Private Wealth LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth $42,000. ST Germain D J Co. Inc. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 73.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 201 shares during the period. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter valued at about $59,000. Finally, PSI Advisors LLC grew its position in iShares 20+ Year Treasury Bond ETF by 58.4% during the third quarter. PSI Advisors LLC now owns 654 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 241 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 Up 1.7 %

iShares 20+ Year Treasury Bond ETF stock opened at $86.76 on Thursday. The business has a 50 day moving average price of $89.93 and a two-hundred day moving average price of $93.62. iShares 20+ Year Treasury Bond ETF has a 12 month low of $84.89 and a 12 month high of $101.64. The stock has a market cap of $50.81 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.351 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 4.85%. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, December 18th.

About iShares 20+ Year Treasury Bond ETF

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.