Syntax Research Inc. Lowers Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Syntax Research Inc. cut its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 87.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,526 shares of the exchange traded fund’s stock after selling 38,464 shares during the period. Syntax Research Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $483,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $26,000. Richardson Financial Services Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $32,000. Van ECK Associates Corp lifted 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 valued at $34,000 after purchasing an additional 178 shares in the last quarter. Finally, West Branch Capital LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 203 shares in the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Down 0.6 %

TLT opened at $90.70 on Monday. The company has a market cap of $55.13 billion, a price-to-earnings ratio of -7.21 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. The firm’s fifty day simple moving average is $89.19 and its two-hundred day simple moving average is $91.65.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.2898 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.