iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Stock Price Up 1.5% – Should You Buy?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)’s share price were up 1.5% on Friday . The stock traded as high as $93.72 and last traded at $93.26. Approximately 12,590,331 shares were traded during trading, a decline of 67% from the average daily volume of 37,999,244 shares. The stock had previously closed at $91.85.

iShares 20+ Year Treasury Bond ETF Stock Performance

The company has a market capitalization of $52.76 billion, a P/E ratio of -7.38 and a beta of 0.06. The stock’s fifty day moving average price is $89.95 and its 200-day moving average price is $91.03.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.3256 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.91 annualized dividend and a dividend yield of 4.21%.

Institutional Investors Weigh In On iShares 20+ Year Treasury Bond ETF

A number of large investors have recently added to or reduced their stakes in TLT. Capula Management Ltd acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $455,550,000. State of Tennessee Department of Treasury bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $194,796,000. Wealthfront Advisers LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 1,901.0% in the 4th quarter. Wealthfront Advisers LLC now owns 1,588,699 shares of the exchange traded fund’s stock valued at $138,741,000 after buying an additional 1,509,302 shares during the last quarter. FMR LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 24.3% in the 4th quarter. FMR LLC now owns 7,274,989 shares of the exchange traded fund’s stock valued at $635,325,000 after acquiring an additional 1,421,699 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 751.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,199,986 shares of the exchange traded fund’s stock valued at $104,795,000 after acquiring an additional 1,059,000 shares during the period. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Company 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.