iShares 20+ Year Treasury Bond ETF Target of Unusually High Options Trading (NASDAQ:TLT)

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) was the recipient of some unusual options trading on Wednesday. Traders bought 856,683 call options on the company. This represents an increase of 30% compared to the average daily volume of 657,974 call options.

Institutional Trading of iShares 20+ Year Treasury Bond ETF

Hedge funds have recently made changes to their positions in the business. Core Capital Management & Research inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at about $53,000. The Manufacturers Life Insurance Company increased its stake in iShares 20+ Year Treasury Bond ETF by 141.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock worth $113,380,000 after acquiring an additional 769,615 shares during the last quarter. Palogic Value Management L.P. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter valued at approximately $1,495,000. Tidal Investments LLC raised its position in iShares 20+ Year Treasury Bond ETF by 457.8% during the second quarter. Tidal Investments LLC now owns 76,413 shares of the exchange traded fund’s stock valued at $6,578,000 after purchasing an additional 62,713 shares during the period. Finally, IPG Investment Advisors LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 1.9% in the 2nd quarter. IPG Investment Advisors LLC now owns 94,381 shares of the exchange traded fund’s stock valued at $8,156,000 after purchasing an additional 1,761 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Up 0.2%

Shares of TLT stock traded up $0.17 on Wednesday, reaching $80.88. The company’s stock had a trading volume of 56,354,394 shares, compared to its average volume of 32,224,270. The stock’s fifty day simple moving average is $82.76 and its 200-day simple moving average is $85.07. iShares 20+ Year Treasury Bond ETF has a 1 year low of $80.46 and a 1 year high of $92.18. The company has a market capitalization of $46.99 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.3147 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.