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

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) hit 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 traded. The stock had previously closed at $81.75.

iShares 20+ Year Treasury Bond ETF Stock Down 1.3%

The stock has a fifty day moving average of $82.30 and a 200-day moving average of $84.65. The stock has a market capitalization of $44.58 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.3147 dividend. This is a negative change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3305. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.8%.

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

Several large investors have recently bought and sold shares of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Summer Road LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 117.6% in the first 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 last quarter. Axiom Investment Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the first quarter valued at approximately $32,000. Mosley Wealth Management boosted 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 valued at $52,000 after acquiring an additional 596 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 123.6% during the second quarter. Cornerstone Planning Group LLC now owns 615 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 340 shares during the last quarter. Institutional investors and hedge funds 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.