Sharkey Howes Loads Up on 50,817 TLT Shares

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On July 10, 2025, Sharkey, Howes & Javer revealed in their most recent SEC filing that they acquired 50,817 shares of the iShares 20+ Year Treasury Bond ETF (TLT) during the second quarter, boosting their holdings in this exchange-traded fund by around $4.43 million. As of that date, their total position in the ETF was worth roughly $9.47 million on the market.

What else to know

Sharkey, Howes & Javer’s TLT allocation now stands at 1.27% of 13F assets under management.

Top holdings after the 13F filing (values as of June 30, 2025):

IUSB: $120.46 million (16.15% of AUM).

QUAL: $110.66 million (14.84% of AUM).

IVV: $99.60 million (13.35% of AUM).

DYNF: $91.10 million (12.21% of AUM).

IVW: $70.90 million (9.51% of AUM).

On July 10, 2025, the TLT ETF ended the day at $86.99, falling short of the S&P 500 by a significant margin of 18.4 percentage points over the last year. At that point in time, its dividend yield stood at 4.41%, and it was 14.4% lower than its highest price point within the past 52 weeks.

Fund overview

Metric Value
Current price $86.99
Market capitalization $47.34 billion
Dividend yield 4.41%
One-year price change (5.80%)

Fund snapshot

As a bond enthusiast, I’m excited about this ETF that dives deep into the world of long-term U.S. Treasury bonds. It follows a renowned index of government securities with maturities beyond the 20-year mark, offering a steady stream of income for investors like me who appreciate the stability and predictability of these long-duration assets.

Foolish take

Company named Sharkey, Howes, & Javer specializes in financial advice and offers investment management services to their clients. The recent purchase of shares in a Long-Term Treasury Bond ETF might not necessarily reveal the company’s stance on investments, but rather could be a sign of shifts in some client’s risk tolerance levels, an increase in new investors, or simply a move for portfolio adjustment and balance.

It’s worthwhile to ponder over the possible outcomes when making any investment choice, and purchasing long-term bond ETFs indeed reflects a particular investment perspective, either consciously or unconsciously.

In simpler terms, when you buy a long-term bond, you’re essentially betting on the future decrease of interest rates. This is because the price of a long-term bond and its yield (or market interest rate) have an inverse relationship – meaning that as the yield increases, the price decreases, and vice versa. Long-term bonds are more affected by changes in interest rates compared to short-term ones.

If you’re considering investing in the iShares 20+ Year Treasury Bond ETF, it seems you believe the Federal Reserve will lower rates and treasury bond yields will subsequently decrease. This might hold true in the short term, but long-term investors should bear in mind the increasing U.S. public debt and the need for the U.S. Treasury to issue more bonds just to cover the interest on their existing debt. Such an increase in supply could potentially cause treasury bond yields to stay high for a longer period than most people expect at present.

Glossary

1. Exchange-traded fund (ETF): A type of investment pool traded on stock exchanges, consisting mainly of stocks or bonds.
2. 13F filing: A quarterly disclosure document required by the SEC, revealing institutional investment managers’ equity holdings.
3. Assets under management (AUM): The aggregate market worth of investments managed by a fund or investment company.
4. Dividend yield: The percentage representation of an investment’s annual dividend income relative to its current price.
5. Benchmark index: A standard for evaluating the performance of securities, funds, or investment managers.
6. Long-duration: Term referring to bonds or securities with long maturities, often exceeding 10 or 20 years.
7. U.S. Treasury bond: A long-term debt obligation issued by the U.S. government, typically carrying maturities of 20 years or more.
8. Allocation: The proportion of a portfolio assigned to a specific asset, sector, or investment.
9. Market value: The total worth of a holding, calculated as the current price multiplied by the number of units owned.
10. Quarter: A three-month period utilized in financial reporting and analysis, such as Q1 (January–March).
11. Position: The amount of a particular security or asset held within a portfolio.
12. Liquid access: The capacity to buy or sell an investment rapidly without significantly impacting its price.

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2025-07-23 19:09