Sat Oct 05 04:36:03 UTC 2024: ## Canandaigua National Bank Invests in Long-Term Treasury Bonds

**Canandaigua, NY – October 5, 2024** – Canandaigua National Bank & Trust Co. has shown its confidence in the long-term US Treasury market by acquiring a new stake in the iShares 20+ Year Treasury Bond ETF (TLT) during the third quarter, according to the bank’s recent 13F filing.

The bank purchased 114,658 shares of TLT, valued at approximately $11.25 million, making it their 19th largest holding, accounting for 1.1% of their portfolio. This move follows a trend of other institutional investors and hedge funds also adjusting their holdings in TLT.

SG Americas Securities LLC increased its position in TLT by 12.4% in the third quarter, owning 117,827 shares worth $11.56 million. Unique Wealth LLC and Dentgroup LLC also joined the market, purchasing new stakes and increasing their holdings respectively. Global Wealth Strategies & Associates further bolstered their position by 4.9% in the third quarter.

TLT shares opened at $96.74 on Friday, with a market cap of $57.35 billion. The ETF aims to track the performance of US Treasury bonds with a remaining maturity of 20 or more years, offering investors exposure to this segment of the fixed income market.

The news of institutional investors’ increased interest in TLT reflects a potential shift towards long-term investments amidst market uncertainties.

For more detailed information on TLT holdings and insider trades, visit HoldingsChannel.com.

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