Tidal Investments LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report) by 457.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 76,413 shares of the exchange traded fund’s stock after buying an additional 62,713 shares during the quarter. Tidal Investments LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,578,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of TLT. JPMorgan Chase & Co. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after acquiring an additional 44,234,543 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 10.5% in the 4th quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock worth $9,505,452,000 after acquiring an additional 10,380,437 shares during the last quarter. Morgan Stanley boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 31.3% during the 4th quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock worth $1,672,338,000 after purchasing an additional 4,577,906 shares during the period. Pureheart Capital Pte Ltd. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $292,683,000. Finally, Aozora Bank LTD. bought a new position in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at about $198,507,000. Institutional investors own 73.33% of the company’s stock.
iShares 20+ Year Treasury Bond ETF Trading Up 0.1%
Shares of NASDAQ:TLT opened at $80.87 on Friday. iShares 20+ Year Treasury Bond ETF has a 12 month low of $80.67 and a 12 month high of $92.18. The company has a market capitalization of $40.73 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The firm’s 50-day moving average is $82.92 and its 200 day moving average is $85.23.
iShares 20+ Year Treasury Bond ETF Cuts Dividend
Trending Headlines about iShares 20+ Year Treasury Bond ETF
Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:
- Positive Sentiment: Jim Cramer argued that retirees may benefit from shifting money out of growth stocks and into 30-year Treasuries. Increased attention to long-term Treasury income and capital preservation could support demand for TLT if investors embrace the defensive trade. Jim Cramer Flips the Script: Why Older Investors Should Ditch Growth Stocks for 30-Year Treasuries
- Positive Sentiment: Heavy options activity and commentary that bonds are becoming more attractive suggest traders are actively positioning for a potential move in Treasury prices, which could benefit TLT if yields eventually decline. Here’s why this U.S. Treasurys ETF is seeing heavy options volume
- Neutral Sentiment: Investors are focused on the Federal Reserve’s upcoming rate decision and whether recent economic data will change the outlook for policy. Rate-cut expectations would help TLT, while a prolonged or higher-rate outlook would remain a headwind. 5 Things That Investors Might Consider Ahead Of The Fed’s Rate Decision
- Negative Sentiment: August CPI and the prospect that the Fed could raise rates are weighing on long-term Treasuries. Higher inflation and policy rates generally push Treasury yields higher and bond prices lower, which is particularly damaging to a long-duration fund such as TLT. August CPI: The Fed May Hike And Stocks Don’t Care
- Negative Sentiment: U.S. yields approaching 5%, oil near $110 and renewed inflation concerns have increased fears that central banks may keep tightening. That environment has pressured long-duration bonds and contributed to TLT reaching a new 12-month low. Oil nears $110, yields near 5%: can KOSPI and Nikkei avoid a deeper rout?
- Negative Sentiment: Investors have favored ultrashort Treasury ETFs such as SGOV, which offer income with far less interest-rate risk. This rotation away from long-duration exposure is a direct relative disadvantage for TLT. TLT Holders Are Losing Money Again While SGOV Holders Just Collect Their Yield
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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.
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Want to see what other hedge funds are holding TLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report).
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