Meridian Wealth Management LLC Grows Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Meridian Wealth Management LLC raised its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 59.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,805 shares of the exchange traded fund’s stock after buying an additional 16,009 shares during the period. Meridian Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $32,000. Van ECK Associates Corp increased its holdings in iShares 20+ Year Treasury Bond ETF by 82.4% during the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 178 shares during the last quarter. Finally, West Branch Capital LLC increased its holdings in iShares 20+ Year Treasury Bond ETF by 94.9% during the fourth 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 during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Up 0.2 %

Shares of TLT stock opened at $92.57 on Tuesday. 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 $56.26 billion, a P/E ratio of -7.34 and a beta of 0.06. The company has a 50 day simple moving average of $88.07 and a two-hundred day simple moving average of $92.39.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.2898 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

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.