Dallas, Texas 12/04/2013 (Financialstrend) – The $2.42 billion market capped iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA:TLT) exchange traded funds investment philosophy is to churn out yields and appreciation which are in line with Barclays U.S. 20+ Year Treasury Bond Index which tracks the treasury bonds which are issued by United States which have maturity terms of more than 20 years. The firm had retained the services of BlackRock Fund Advisors as their in house advisors for operating this fund.
iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA:TLT) has paid out dividend of $3.07 per share over the past 12 months and has recorded a dividend yield of 2.96% in the same period. Its market performance has been found wanting with the stock showing a dip of 14% in its market value in the same trailing 12 month period. This depreciation in value extends up into the short term and medium term too, with a 8.6% dip in value in the past 180 days and a equally unimpressive 2% dip in value during the past 30 days of trading.
iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA:TLT) shares posted a 0.37% increase in the market value during trading on December 3, which translates to a 2.68% increase over its prior 52 week low price point. It ended the days trading yesterday at $103 per share which is 15% lower than its 52 week high bench mark of $122.49 per share.
The underperformance of iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSEARCA:TLT) fund is linked directly to the uncertainty around the now on and now off sentiments of the Federal Reserve with regards to initiating the tapering move to the federal stimulus. As the next round of speculations reaches a crescendo in the run up to the quarterly Fed Meeting, the stock of this ETF is expected to remain under the firm hug of bears in the market.