Able Wealth Management LLC has significantly increased its investment in the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) by 138.0% during the second quarter of 2023. According to a report from HoldingsChannel, the firm acquired an additional 5,093 shares, bringing its total holdings to 8,784 shares valued at approximately $775,000 as of the latest SEC filing.
This move comes amidst a broader trend of institutional investment in the ETF. Several other major investors have also adjusted their positions in iShares 20+ Year Treasury Bond ETF during recent quarters. For instance, Brighton Jones LLC increased its stake by 28.0% in the fourth quarter, now holding 2,747 shares valued at $240,000 after purchasing an additional 601 shares.
Other Major Stakeholders in iShares ETF
Another significant increase came from Capstone Wealth Management Group LLC, which raised its stake by an impressive 409.3% in the first quarter. Capstone now holds 50,847 shares worth $4,629,000, following the acquisition of 40,863 shares.
Additionally, Financial Counselors Inc. raised its investment by 22.3%, owning 6,822 shares valued at $621,000 after buying 1,242 shares. Stratos Wealth Partners LTD. also increased its stake by 6.3%, now holding 106,098 shares worth $9,658,000 after acquiring an additional 6,288 shares. Furthermore, Personal CFO Solutions LLC initiated a new position in the ETF valued at approximately $556,000.
As it stands, institutional investors and hedge funds collectively own 73.33% of the ETF’s shares, highlighting the growing interest from larger investment entities.
Market Performance and Details
The iShares 20+ Year Treasury Bond ETF opened at $88.96 on Thursday, reflecting a decrease of 1.1%. The ETF has a market capitalization of $48.73 billion and a price-to-earnings ratio of -6.75, with a beta of 0.53. Over the past year, the ETF has experienced a low of $83.29 and a high of $94.85. Its current 50-day moving average price stands at $89.66, while the 200-day moving average is $87.70.
The iShares 20+ Year Treasury Bond ETF aims to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index. This index includes public obligations of the United States Treasury with remaining maturities greater than 20 years, making it a key player in fixed-income investment strategies.
As investment dynamics evolve, the actions of firms like Able Wealth Management LLC and others indicate a robust confidence in long-term U.S. Treasury bonds, reflecting broader economic trends and investor sentiment.
