Palogic Value Management L.P. Makes New $3.01 Million Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Palogic Value Management L.P. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 34,500 shares of the exchange traded fund’s stock, valued at approximately $3,013,000. iShares 20+ Year Treasury Bond ETF comprises approximately 1.2% of Palogic Value Management L.P.’s investment portfolio, making the stock its 24th biggest holding.

Several other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 17.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,429,274 shares of the exchange traded fund’s stock worth $211,751,000 after purchasing an additional 353,468 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 36.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,230,371 shares of the exchange traded fund’s stock worth $194,778,000 after purchasing an additional 592,846 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 9.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,958,175 shares of the exchange traded fund’s stock worth $171,007,000 after purchasing an additional 175,574 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 5.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,840,482 shares of the exchange traded fund’s stock worth $160,729,000 after purchasing an additional 91,847 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 78.0% during the fourth quarter. US Bancorp DE now owns 1,697,051 shares of the exchange traded fund’s stock worth $148,211,000 after purchasing an additional 743,864 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $91.24 on Friday. The stock’s 50-day moving average is $89.08 and its two-hundred day moving average is $91.78. The firm has a market cap of $51.28 billion, a price-to-earnings ratio of -7.21 and a beta of 0.36. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2898 per share. 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.