7,500 Shares in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Bought by Ping Capital Management Inc.

Ping Capital Management Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, Holdings Channel.com reports. The firm acquired 7,500 shares of the exchange traded fund’s stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TLT. Assetmark Inc. lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 3,121.7% during the third quarter. Assetmark Inc. now owns 4,461,161 shares of the exchange traded fund’s stock worth $437,640,000 after purchasing an additional 4,322,688 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $89,789,000. IMC Chicago LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 440.7% in the 3rd quarter. IMC Chicago LLC now owns 1,045,193 shares of the exchange traded fund’s stock worth $102,533,000 after acquiring an additional 851,884 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 51.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,075,806 shares of the exchange traded fund’s stock valued at $204,612,000 after acquiring an additional 709,409 shares in the last quarter. Finally, Harvest Portfolios Group Inc. boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 33.0% in the third quarter. Harvest Portfolios Group Inc. now owns 2,753,709 shares of the exchange traded fund’s stock valued at $270,139,000 after purchasing an additional 683,915 shares during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.3 %

TLT opened at $88.43 on Wednesday. The stock’s fifty day moving average is $88.95 and its two-hundred day moving average is $93.10. The company has a market capitalization of $53.75 billion, a P/E ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be given a $0.3123 dividend. The ex-dividend date of this dividend is Monday, February 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.