K2 Principal Fund L.P. Makes New $607,000 Investment in iShares 20+ Year Treasury Bond ETF $TLT

K2 Principal Fund L.P. bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,966 shares of the exchange traded fund’s stock, valued at approximately $607,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TLT. JPMorgan Chase & Co. boosted its stake in 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 worth $784,229,000 after buying an additional 44,234,543 shares in the last quarter. Morgan Stanley boosted its stake in iShares 20+ Year Treasury Bond ETF by 31.3% in the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock worth $1,672,338,000 after buying an additional 4,577,906 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in iShares 20+ Year Treasury Bond ETF by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock worth $3,760,094,000 after buying an additional 1,418,641 shares in the last quarter. State Street Corp purchased a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth approximately $88,673,000. Finally, Prudential PLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 104.9% in the third quarter. Prudential PLC now owns 1,046,620 shares of the exchange traded fund’s stock worth $93,536,000 after buying an additional 535,870 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $85.77 on Friday. The firm has a market cap of $42.68 billion, a P/E ratio of -6.75 and a beta of 0.52. The stock has a 50 day simple moving average of $85.70 and a two-hundred day simple moving average of $87.23. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.77 and a 1 year high of $92.18.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.3358 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st.

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. 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.