iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Hits New 1-Year Low – Should You Sell?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $82.70 and last traded at $82.91, with a volume of 28929075 shares changing hands. The stock had previously closed at $84.24.

iShares 20+ Year Treasury Bond ETF Price Performance

The company has a market cap of $42.40 billion, a PE ratio of -6.75 and a beta of 0.51. The company has a 50-day moving average of $85.18 and a 200 day moving average of $86.54.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.318 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Hedge Funds Weigh In On iShares 20+ Year Treasury Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $31,000. Summer Road LLC increased its position in iShares 20+ Year Treasury Bond ETF by 117.6% during the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $32,000. Trust Co. of Vermont lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 90.5% in the 4th quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 1,066.7% in the 4th quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

About iShares 20+ Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.