Archer Investment Management LLC Takes $5.84 Million Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Archer Investment Management LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 66,844 shares of the exchange traded fund’s stock, valued at approximately $5,838,000. iShares 20+ Year Treasury Bond ETF accounts for 3.6% of Archer Investment Management LLC’s holdings, making the stock its 9th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. Independence Bank of Kentucky acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $26,000. Richardson Financial Services Inc. bought a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. New Wave Wealth Advisors LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. Finally, West Branch Capital LLC boosted 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 acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $88.16 on Tuesday. The company has a market capitalization of $53.58 billion, a P/E ratio of -7.14 and a beta of 0.06. The company’s 50 day moving average price is $89.03 and its two-hundred day moving average price is $93.13. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.3123 per share. The ex-dividend date of this dividend is Monday, February 3rd.

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.