Synergy Investment Management LLC Acquires Shares of 80,793 iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Synergy Investment Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, HoldingsChannel reports. The firm bought 80,793 shares of the exchange traded fund’s stock, valued at approximately $7,056,000. iShares 20+ Year Treasury Bond ETF makes up approximately 3.0% of Synergy Investment Management LLC’s investment portfolio, making the stock its 6th largest holding.

A number of other institutional investors have also recently modified their holdings of the business. Independence Bank of Kentucky purchased a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at about $26,000. Richardson Financial Services Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at approximately $32,000. Van ECK Associates Corp raised its holdings in iShares 20+ Year Treasury Bond ETF by 82.4% during the fourth 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 worth $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 Up 0.2 %

Shares of TLT stock opened at $92.57 on Tuesday. The stock has a market cap of $56.26 billion, a P/E ratio of -7.34 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week high of $101.64. The business has a fifty day simple moving average of $88.07 and a 200-day simple moving average of $92.39.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.2898 per share. The ex-dividend date of this dividend 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.