iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Reaches New 12-Month Low – Should You Sell?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $81.03 and last traded at $81.0170, with a volume of 3041090 shares traded. The stock had previously closed at $81.73.

iShares 20+ Year Treasury Bond ETF Price Performance

The stock has a market capitalization of $40.79 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The firm’s fifty day moving average is $83.11 and its 200-day moving average is $85.32.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

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

Several large investors have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at about $31,000. Summer Road LLC lifted its holdings in 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 worth $32,000 after buying an additional 200 shares during the last quarter. Axiom Investment Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $37,000. Finally, WFA of San Diego LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at approximately $46,000. Institutional investors own 73.33% of the company’s stock.

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.