Cornerstone Wealth Group LLC Purchases 18,743 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Cornerstone Wealth Group LLC raised its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 94.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 38,483 shares of the exchange traded fund’s stock after buying an additional 18,743 shares during the period. iShares 20+ Year Treasury Bond ETF comprises 1.7% of Cornerstone Wealth Group LLC’s holdings, making the stock its 11th largest position. Cornerstone Wealth Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC raised its position in shares of iShares 20+ Year Treasury Bond ETF by 2,600.0% during the second quarter. Tsfg LLC now owns 189 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 182 shares during the period. Pacitti Group Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at approximately $32,000. Creative Financial Designs Inc. ADV raised its position in iShares 20+ Year Treasury Bond ETF by 47.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 217 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Financial Advisory Service Inc. bought a new position in iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $55,000. Finally, Aptus Capital Advisors LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 339.1% in the second quarter. Aptus Capital Advisors LLC now owns 404 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 312 shares in the last quarter.

TLT stock traded down $0.84 during mid-day trading on Friday, reaching $158.30. The company had a trading volume of 529,879 shares, compared to its average volume of 11,776,820. The stock has a 50 day simple moving average of $162.13 and a two-hundred day simple moving average of $164.55. iShares 20+ Year Treasury Bond ETF has a 52 week low of $134.45 and a 52 week high of $179.70.

Separately, ValuEngine upgraded iShares 20+ Year Treasury Bond ETF from a “sell” rating to a “hold” rating in a research note on Tuesday, August 4th.

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.

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Institutional Ownership by Quarter for iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

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