34,500 Shares in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Acquired by Palogic Value Management L.P.

Palogic Value Management L.P. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,500 shares of the exchange traded fund’s stock, valued at approximately $3,013,000. iShares 20+ Year Treasury Bond ETF makes up approximately 1.2% of Palogic Value Management L.P.’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds have also made changes to their positions in TLT. Independence Bank of Kentucky bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $30,000. New Wave Wealth Advisors LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth $32,000. Van ECK Associates Corp lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares during the last quarter. Finally, West Branch Capital LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 94.9% during the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT stock opened at $90.14 on Friday. The firm has a 50-day simple moving average of $89.51 and a two-hundred day simple moving average of $91.41. iShares 20+ Year Treasury Bond ETF has a one year low of $84.89 and a one year high of $101.64. The firm has a market cap of $54.79 billion, a price-to-earnings ratio of -7.21 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.2898 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 20+ Year Treasury Bond ETF Profile

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.