Ping Capital Management Inc. Makes New $655,000 Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Ping Capital Management Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,500 shares of the exchange traded fund’s stock, valued at approximately $655,000.

Other large investors have also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth $26,000. Richardson Financial Services Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth approximately $35,000. Finally, West Branch Capital LLC grew its holdings in iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

iShares 20+ Year Treasury Bond ETF stock opened at $88.43 on Wednesday. The stock has a market cap of $53.75 billion, a P/E ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64. The firm’s 50 day moving average price is $88.95 and its 200-day moving average price is $93.10.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be given a $0.3123 dividend. The ex-dividend date is Monday, February 3rd.

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.