Apollon Wealth Management LLC Has $5.89 Million Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Apollon Wealth Management LLC grew its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 250.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,022 shares of the exchange traded fund’s stock after acquiring an additional 42,894 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $5,888,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Inspire Advisors LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at about $206,000. Bleakley Financial Group LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.5% in the first quarter. Bleakley Financial Group LLC now owns 3,598 shares of the exchange traded fund’s stock valued at $340,000 after buying an additional 121 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 52.7% in the first quarter. Koshinski Asset Management Inc. now owns 3,984 shares of the exchange traded fund’s stock valued at $377,000 after buying an additional 1,375 shares during the period. SageView Advisory Group LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 139.5% in the first quarter. SageView Advisory Group LLC now owns 8,963 shares of the exchange traded fund’s stock valued at $848,000 after buying an additional 5,220 shares during the period. Finally, Delta Investment Management LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.6% in the first quarter. Delta Investment Management LLC now owns 80,385 shares of the exchange traded fund’s stock valued at $7,606,000 after buying an additional 2,807 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ TLT opened at $92.04 on Tuesday. The firm has a 50-day simple moving average of $95.83 and a 200 day simple moving average of $94.21. iShares 20+ Year Treasury Bond ETF has a twelve month low of $86.90 and a twelve month high of $101.64. The stock has a market cap of $59.62 billion, a PE ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.3105 per share. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Friday, November 1st. This represents a $3.73 dividend on an annualized basis and a yield of 4.05%.

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.