Tortoise Investment Management LLC has significantly increased its investment in the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) by 25.2% during the second quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission (SEC), Tortoise now holds a total of 46,248 shares of the exchange-traded fund (ETF) after acquiring an additional 9,319 shares in the period.
At the end of the second quarter, Tortoise Investment’s total holdings in the iShares 20+ Year Treasury Bond ETF were valued at approximately $4,081,000. This move reflects a broader trend as several other hedge funds have also adjusted their positions in TLT recently.
Other Notable Stake Changes
Among these, Johnson Bixby & Associates LLC raised its stake in the iShares 20+ Year Treasury Bond ETF by 10.4%, bringing its holdings to 2,484 shares valued at $219,000 after acquiring 233 additional shares. Similarly, Tempus Wealth Planning LLC boosted its investment by a substantial 75.5%, increasing its total to 13,933 shares worth $1,230,000 following the purchase of 5,993 shares.
Additionally, Sunpointe LLC made a new investment in the ETF, valued at around $276,000, while Pingora Partners LLC significantly raised its stake by 86.7% in the first quarter. Pingora now owns 2,800 shares valued at $255,000 after buying 1,300 more shares. Finally, Stonebridge Financial Group LLC increased its holdings by 11.0%, now owning 6,684 shares worth $590,000 after an additional purchase of 660 shares.
Currently, institutional investors hold approximately 73.33% of the stock, indicating strong institutional interest in the ETF.
Market Performance of iShares 20+ Year Treasury Bond ETF
On the market front, the iShares 20+ Year Treasury Bond ETF opened at $88.87 on the most recent trading day. The ETF has experienced a 12-month low of $83.29 and a high of $94.85, with a market capitalization of $48.68 billion. It has a price-to-earnings (P/E) ratio of -6.75 and a beta of 0.53, suggesting lower volatility compared to the broader market.
The ETF has also been tracking the performance of the Barclays U.S. 20+ Year Treasury Bond Index, which focuses on U.S. Treasury bonds with remaining maturities of over 20 years. Investors interested in the latest hedge fund activities regarding TLT can find valuable information on platforms like HoldingsChannel.com, which provides up-to-date 13F filings and insider transactions.
With the increasing interest from various investment firms, the iShares 20+ Year Treasury Bond ETF continues to be a focal point for investors seeking exposure to long-term U.S. government debt.
