Arvest Investments Inc. Has $7.32 Million Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Arvest Investments Inc. trimmed its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 83,791 shares of the exchange traded fund’s stock after selling 994 shares during the period. iShares 20+ Year Treasury Bond ETF makes up approximately 1.2% of Arvest Investments Inc.’s investment portfolio, making the stock its 23rd biggest holding. Arvest Investments Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $7,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TLT. Independence Bank of Kentucky bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. New Wave Wealth Advisors LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. Van ECK Associates Corp increased its stake in iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares in the last quarter. Finally, West Branch Capital LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 203 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ TLT opened at $91.18 on Thursday. The business has a 50 day simple moving average of $88.98 and a 200 day simple moving average of $91.79. iShares 20+ Year Treasury Bond ETF has a 52-week low of $84.89 and a 52-week high of $101.64. The stock has a market cap of $51.24 billion, a price-to-earnings ratio of -7.21 and a beta of 0.36.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.2898 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.