Power Alpha Investment Ltd Buys New Position in iShares 20+ Year Treasury Bond ETF $TLT

Power Alpha Investment Ltd purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 9,200 shares of the exchange traded fund’s stock, valued at approximately $6,890,000. iShares 20+ Year Treasury Bond ETF makes up approximately 0.7% of Power Alpha Investment Ltd’s portfolio, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in iShares 20+ Year Treasury Bond ETF by 10.5% during the 4th quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock worth $9,505,452,000 after acquiring an additional 10,380,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock worth $3,760,094,000 after acquiring an additional 1,418,641 shares in the last quarter. Morgan Stanley raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 31.3% in the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after purchasing an additional 4,577,906 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after purchasing an additional 44,234,543 shares during the last quarter. Finally, Pureheart Capital Pte Ltd. bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at about $292,683,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

iShares 20+ Year Treasury Bond ETF stock opened at $82.04 on Friday. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $81.82 and a fifty-two week high of $92.18. The stock has a market cap of $41.32 billion, a PE ratio of -6.75 and a beta of 0.51. The firm’s 50-day simple moving average is $84.50 and its 200 day simple moving average is $86.07.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a dividend of $0.3305 per share. The ex-dividend date of this dividend was Monday, August 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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.