iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Reaches New 1-Year Low – Here’s Why

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.56 and last traded at $21.57, with a volume of 593128 shares changing hands. The stock had previously closed at $21.63.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Price Performance

The company’s fifty day simple moving average is $22.03 and its 200 day simple moving average is $22.48.

Institutional Trading of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of TLTW. PNC Financial Services Group Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the 4th quarter worth approximately $54,000. IFP Advisors Inc purchased a new position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 3rd quarter valued at approximately $89,000. JPMorgan Chase & Co. lifted its stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 30.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,997 shares of the company’s stock valued at $93,000 after purchasing an additional 939 shares during the period. Private Wealth Asset Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 4th quarter valued at approximately $113,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 38.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 8,805 shares of the company’s stock valued at $200,000 after purchasing an additional 2,454 shares in the last quarter.

About iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

The iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW) is an exchange-traded fund that is based on the CBOE TLT 2% OTM Buywrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares 20+ Year Treasury Bond ETF and writes one-month, out-of-the-money call options against the shares. TLTW was launched on Aug 18, 2022 and is managed by BlackRock.