iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Reaches New 52-Week Low – Time to Sell?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) shares hit a new 52-week low during mid-day trading on Thursday . The stock 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 business’s fifty day simple moving average is $83.11 and its 200 day simple moving average is $85.32. The stock has a market cap of $40.79 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at about $31,000. Summer Road LLC lifted its holdings 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 worth $32,000 after acquiring an additional 200 shares during the last quarter. Axiom Investment Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF in the first quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $37,000. Finally, WFA of San Diego LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter valued at approximately $46,000. 73.33% of the stock is owned by institutional investors and hedge funds.

About iShares 20+ Year Treasury Bond ETF

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.