iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Stock Price Up 1.5% – Here’s What Happened

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

iShares 20+ Year Treasury Bond ETF Stock Performance

The stock has a 50-day moving average of $89.95 and a 200-day moving average of $91.03. The firm 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 firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a $0.3256 dividend. This represents a $3.91 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Tuesday, April 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TLT. Hazlett Burt & Watson Inc. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 4.9% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,446 shares of the exchange traded fund’s stock valued at $214,000 after acquiring an additional 115 shares in the last quarter. Southeast Asset Advisors LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 1.1% during the fourth quarter. Southeast Asset Advisors LLC now owns 11,094 shares of the exchange traded fund’s stock valued at $969,000 after purchasing an additional 119 shares during the last quarter. Main Street Group LTD grew its stake in iShares 20+ Year Treasury Bond ETF by 16.0% in the fourth quarter. Main Street Group LTD now owns 872 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 120 shares in the last quarter. Hollencrest Capital Management increased its position in shares of iShares 20+ Year Treasury Bond ETF by 0.9% during the 4th quarter. Hollencrest Capital Management now owns 14,419 shares of the exchange traded fund’s stock worth $1,259,000 after purchasing an additional 122 shares during the last quarter. Finally, Islay Capital Management LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.9% during the 4th quarter. Islay Capital Management LLC now owns 3,392 shares of the exchange traded fund’s stock worth $296,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

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.