Tlt etf guide stock quote, holdings, fact sheet and more electricity billy elliot karaoke


Artificial intelligence has come a long way, and while it may or may not replace humans, it is already providing exceptional support by augmenting human work in many industries. Emma collates news items and analyzes structured financial numbers as she spins out an article in 20 minutes. This is definitely an interesting milestone in AI. We’re just checking in to see if our readers like it. Do give us a shout on Twitter at @ETFdb or on Facebook. Election Year Paints a Weak Picture for Rate Hikes

The iShares Barclays 20+ Year ETF ( TLT B-) tracks the investment results of the Barclays U.S. 20+ Year Treasury Bond Index. The index measures the performance of those public obligations of the United States Treasury that have a remaining maturity of 20 or more years. This year, the ETF is up 8.6%, beating the market significantly as QE has effectively stopped and the Fed has started raising interest rates. This bodes well for the yield curve of the underlying debt that the index tracks.

Unfortunately for the ETF, the macro picture isn’t looking too bright. While the Fed may seek to hike rates at will this year, fundamentals,­ including an anemic U.S. recovery, headwinds from China, and a near-negative interest rate environment in Japan and the EU, paint a different picture and point to a modest one or two hikes during the second half of 2016. In addition, this year is an election year and while the Fed is not likely to get caught up in the economic rhetoric of the U.S. presidential cycle, hikes by the Fed will be frowned upon by the electoral college (even though the hike itself may not materially change monetary policy for the average American). Performance

In terms of performance, the ETF has done well partly because the underlying index it tracks focuses on longer-term maturities. Over the last five years, TLT is up 39.7%. However, over the last one year, the fund is down ­1.7%, having been driven lower partly by a hesitant Fed; the Federal Reserve hiked rates for the first time in nearly a decade late last year instead of in early 2015. Even so, since the December hike until today, TLT is up 7%. It was up even more in mid-February, gaining almost 11% from the December hike. The recent cool­ off has been driven, as mentioned earlier, by expectations that the Fed won’t be able to hike rates again given macroeconomic headwinds outside the U.S. and anemic wage growth at home. Financial Ratios

That leads us to TLT’s financial ratios. TLT has just over $10.4 billion in assets under management, with a turnover ratio of 32% and a 12-month dividend yield of 2.38%. It is generally considered a safe investment since the underlying debt the index tracks comprises long-term (20+ year) government debt. TLT is near its all-time highs, trading as of this writing at $130.20. Its 52-week high is $135.25, while its 52-week low is $114.88, which was tested twice in mid-July. Weak Buy

Broadly, TLT appears to be a Weak Buy given macroeconomic headwinds in the global economy and the Fed’s limited ability to hike interest rates in the U.S. With a dividend yield of 2.38%, there may be better opportunities in other places such as utilities and REITs. However, for those investors wanting a safe-haven asset, TLT is a good play. It is a Weak Buy with a price target of $133.50.