Synergy Investment Management LLC Makes New Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Synergy Investment Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 80,793 shares of the exchange traded fund’s stock, valued at approximately $7,056,000. iShares 20+ Year Treasury Bond ETF comprises 3.0% of Synergy Investment Management LLC’s investment portfolio, making the stock its 6th largest position.

A number of other large investors have also recently made changes to their positions in TLT. Independence Bank of Kentucky purchased a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth $26,000. Richardson Financial Services Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $30,000. New Wave Wealth Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $32,000. Van ECK Associates Corp increased its position in iShares 20+ Year Treasury Bond ETF by 82.4% in the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 178 shares during the period. Finally, West Branch Capital LLC raised 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 valued at $36,000 after acquiring an additional 203 shares during the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Trading Up 0.2 %

Shares of TLT stock opened at $92.57 on Tuesday. The company has a market capitalization of $56.26 billion, a P/E ratio of -7.34 and a beta of 0.06. The business’s 50 day moving average is $88.07 and its two-hundred day moving average is $92.39. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be given a $0.2898 dividend. The ex-dividend date is Monday, March 3rd.

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.