iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Sets New 1-Year Low – Time to Sell?

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) shares hit a new 52-week low on Wednesday. The stock traded as low as $20.27 and last traded at $20.36, with a volume of 2893330 shares. The stock had previously closed at $20.47.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Price Performance

The stock has a fifty day moving average of $21.14 and a two-hundred day moving average of $21.84.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 639.1% in the first quarter. Janney Montgomery Scott LLC now owns 239,395 shares of the company’s stock valued at $5,415,000 after buying an additional 207,005 shares during the period. Bank of New York Mellon Corp lifted its position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 144.6% during the first quarter. Bank of New York Mellon Corp now owns 269,932 shares of the company’s stock valued at $6,106,000 after buying an additional 159,592 shares in the last quarter. Ascentis Independent Advisors grew its stake in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 105.0% during the first quarter. Ascentis Independent Advisors now owns 245,150 shares of the company’s stock worth $5,545,000 after buying an additional 125,593 shares during the period. Roble Belko & Company Inc purchased a new stake in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the second quarter worth approximately $1,617,000. Finally, Claris Financial LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the fourth quarter worth $1,085,000.

About iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

The iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW) is an exchange-traded fund that is based on the CBOE TLT 2% OTM Buywrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares 20+ Year Treasury Bond ETF and writes one-month, out-of-the-money call options against the shares. TLTW was launched on Aug 18, 2022 and is managed by BlackRock.