Summit Asset Management LLC Invests $16.42 Million in iShares 10-20 Year Treasury Bond ETF $TLH

Summit Asset Management LLC bought a new position in shares of iShares 10-20 Year Treasury Bond ETF (NYSEARCA:TLH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 161,453 shares of the company’s stock, valued at approximately $16,415,000. iShares 10-20 Year Treasury Bond ETF makes up approximately 2.3% of Summit Asset Management LLC’s investment portfolio, making the stock its 17th largest position. Summit Asset Management LLC owned about 0.13% of iShares 10-20 Year Treasury Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in shares of iShares 10-20 Year Treasury Bond ETF by 29.3% during the third quarter. Envestnet Asset Management Inc. now owns 24,840,459 shares of the company’s stock worth $2,558,319,000 after purchasing an additional 5,622,960 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares 10-20 Year Treasury Bond ETF by 1.5% during the second quarter. Bank of America Corp DE now owns 9,797,105 shares of the company’s stock worth $995,386,000 after purchasing an additional 143,628 shares in the last quarter. Forum Financial Management LP increased its stake in shares of iShares 10-20 Year Treasury Bond ETF by 6.1% during the fourth quarter. Forum Financial Management LP now owns 8,500,234 shares of the company’s stock worth $864,219,000 after purchasing an additional 488,995 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares 10-20 Year Treasury Bond ETF by 15.9% during the third quarter. JPMorgan Chase & Co. now owns 3,512,244 shares of the company’s stock worth $361,726,000 after purchasing an additional 481,326 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 10-20 Year Treasury Bond ETF by 322.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,791,010 shares of the company’s stock worth $283,762,000 after purchasing an additional 2,129,890 shares in the last quarter.

iShares 10-20 Year Treasury Bond ETF Stock Up 0.4%

Shares of NYSEARCA TLH opened at $98.73 on Friday. iShares 10-20 Year Treasury Bond ETF has a 12-month low of $96.89 and a 12-month high of $105.46. The company has a 50-day moving average of $100.17 and a 200 day moving average of $101.77.

iShares 10-20 Year Treasury Bond ETF Profile

The iShares 10-20 Year Treasury Bond ETF (TLH) is an exchange-traded fund that is based on the ICE U.S. Treasury 10-20 Year TR index. The fund tracks a market-weighted index of debt issued by the U.S. Treasury TLH was launched on Jan 5, 2007 and is managed by BlackRock.