Pilgrim Partners Asia Pte Ltd Buys 50,000 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Pilgrim Partners Asia Pte Ltd purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the third quarter, Holdings Channel reports. The institutional investor purchased 50,000 shares of the exchange traded fund’s stock, valued at approximately $3,889,000. iShares 20+ Year Treasury Bond ETF comprises 0.8% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Axiom Investment Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter worth about $32,000. Versant Capital Management Inc boosted its stake in iShares 20+ Year Treasury Bond ETF by 1,126.1% in the 3rd quarter. Versant Capital Management Inc now owns 564 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 518 shares during the period. Cornerstone Planning Group LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 123.6% in the 2nd quarter. Cornerstone Planning Group LLC now owns 615 shares of the exchange traded fund’s stock worth $51,000 after purchasing an additional 340 shares during the period. Mosley Wealth Management grew its holdings in iShares 20+ Year Treasury Bond ETF by 9,933.3% during the 2nd quarter. Mosley Wealth Management now owns 602 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 596 shares in the last quarter. Finally, Core Capital Management & Research inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at about $53,000. 73.33% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Up 0.4%

Shares of TLT opened at $81.84 on Friday. The business’s 50-day moving average price is $80.50 and its 200-day moving average price is $84.65. The stock has a market cap of $47.57 billion, a PE ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a twelve month low of $76.43 and a twelve month high of $90.86.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.3116 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.74 dividend on an annualized basis and a yield of 4.6%. This is a drop from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147.

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. 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.