iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Sets New 1-Year Low – Time to Sell?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $80.38 and last traded at $80.3280, with a volume of 22674713 shares trading hands. The stock had previously closed at $81.75.

iShares 20+ Year Treasury Bond ETF Trading Down 1.6%

The company has a market cap of $46.98 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The stock’s 50-day moving average is $82.48 and its 200-day moving average is $84.77.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.3147 per share. 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $31,000. Summer Road LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 117.6% during the 1st quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 200 shares during the period. Axiom Investment Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter worth $32,000. Cornerstone Planning Group LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 123.6% in the 2nd quarter. Cornerstone Planning Group LLC now owns 615 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 340 shares during the last quarter. Finally, Mosley Wealth Management grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 9,933.3% in the second quarter. Mosley Wealth Management now owns 602 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 596 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Company Profile

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.