Glaxis Capital Management LLC Makes New $262,000 Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Glaxis Capital Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,000 shares of the exchange traded fund’s stock, valued at approximately $262,000. iShares 20+ Year Treasury Bond ETF comprises approximately 0.7% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other hedge funds have also recently bought and sold shares of TLT. Principal Financial Group Inc. increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 45.5% in the third quarter. Principal Financial Group Inc. now owns 88,273 shares of the exchange traded fund’s stock valued at $8,660,000 after buying an additional 27,586 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at $314,000. SpiderRock Advisors LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at $589,000. XML Financial LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at $264,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at $2,452,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Down 0.7 %

Shares of TLT stock opened at $90.40 on Wednesday. The stock has a 50-day moving average price of $88.54 and a 200 day moving average price of $92.04. The firm has a market cap of $54.95 billion, a price-to-earnings ratio of -7.34 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 12 month low of $84.89 and a 12 month high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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