Polymer Capital Management HK LTD Purchases 76,200 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Polymer Capital Management HK LTD increased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 148.3% during the 4th quarter, Holdings Channel reports. The firm owned 127,594 shares of the exchange traded fund’s stock after acquiring an additional 76,200 shares during the period. iShares 20+ Year Treasury Bond ETF comprises 1.9% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 11th biggest position. Polymer Capital Management HK LTD’s holdings in iShares 20+ Year Treasury Bond ETF were worth $11,143,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TLT. Independence Bank of Kentucky purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $26,000. Richardson Financial Services Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth about $32,000. Van ECK Associates Corp increased its stake 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 worth $34,000 after acquiring an additional 178 shares during the last quarter. Finally, West Branch Capital LLC raised its position 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 during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $92.85 on Friday. The stock has a 50 day moving average price of $89.95 and a 200-day moving average price of $91.03. iShares 20+ Year Treasury Bond ETF has a one year low of $84.89 and a one year high of $101.64. The stock has a market cap of $52.76 billion, a price-to-earnings ratio of -7.38 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

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.