Summit Global Investments Purchases 8,190 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Summit Global Investments grew its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,072 shares of the exchange traded fund’s stock after acquiring an additional 8,190 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for 0.8% of Summit Global Investments’ portfolio, making the stock its 24th biggest holding. Summit Global Investments’ holdings in iShares 20+ Year Treasury Bond ETF were worth $13,193,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TLT. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 17.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,429,274 shares of the exchange traded fund’s stock valued at $211,751,000 after acquiring an additional 353,468 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in 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 valued at $194,778,000 after purchasing an additional 592,846 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 9.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,958,175 shares of the exchange traded fund’s stock valued at $171,007,000 after purchasing an additional 175,574 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 5.3% in the 4th 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 period. Finally, US Bancorp DE boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 78.0% in the 4th 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 period. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT opened at $90.70 on Friday. The firm has a market capitalization of $50.97 billion, a PE ratio of -7.21 and a beta of 0.36. The stock’s fifty day moving average is $89.19 and its 200 day moving average is $91.74. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.2898 dividend. The ex-dividend date was 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.