iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Hits New 1-Year Low – Here’s Why

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) hit a new 52-week low on Wednesday . The stock traded as low as $82.70 and last traded at $82.91, with a volume of 28929075 shares trading hands. The stock had previously closed at $84.24.

iShares 20+ Year Treasury Bond ETF Trading Down 0.1%

The stock has a market capitalization of $42.38 billion, a P/E ratio of -6.75 and a beta of 0.51. The business has a fifty day simple moving average of $85.13 and a 200 day simple moving average of $86.47.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.318 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares 20+ Year Treasury Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in TLT. Yukon Wealth Management Inc. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 0.5% in the third quarter. Yukon Wealth Management Inc. now owns 23,442 shares of the exchange traded fund’s stock valued at $2,095,000 after buying an additional 118 shares during the last quarter. Advyzon Investment Management LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 0.9% during the fourth quarter. Advyzon Investment Management LLC now owns 13,784 shares of the exchange traded fund’s stock worth $1,201,000 after buying an additional 124 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 15.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 922 shares of the exchange traded fund’s stock worth $82,000 after buying an additional 126 shares during the last quarter. United Asset Strategies Inc. increased its position in iShares 20+ Year Treasury Bond ETF by 1.2% in the 1st quarter. United Asset Strategies Inc. now owns 10,398 shares of the exchange traded fund’s stock valued at $901,000 after acquiring an additional 126 shares during the period. Finally, Stronghold Wealth Management L.L.C. increased its position in iShares 20+ Year Treasury Bond ETF by 0.8% in the 2nd quarter. Stronghold Wealth Management L.L.C. now owns 16,318 shares of the exchange traded fund’s stock valued at $1,410,000 after acquiring an additional 132 shares during the period. Hedge funds and other 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.