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

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $82.92 and last traded at $83.08, with a volume of 7297257 shares. The stock had previously closed at $83.56.

iShares 20+ Year Treasury Bond ETF Stock Performance

The firm has a fifty day simple moving average of $86.43 and a 200 day simple moving average of $87.83. The company has a market capitalization of $41.30 billion, a PE ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.3153 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in iShares 20+ Year Treasury Bond ETF by 28.0% during the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after buying an additional 601 shares in the last quarter. Capstone Wealth Management Group LLC increased its position in iShares 20+ Year Treasury Bond ETF by 409.3% during the 1st quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock valued at $4,629,000 after buying an additional 40,863 shares in the last quarter. Russell Investments Group Ltd. increased its position in iShares 20+ Year Treasury Bond ETF by 520.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 510 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in iShares 20+ Year Treasury Bond ETF by 28.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock valued at $71,348,000 after buying an additional 180,073 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in iShares 20+ Year Treasury Bond ETF by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock valued at $248,391,000 after purchasing an additional 63,442 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

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.