iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Reaches New 12-Month Low – Time to Sell?

Shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $21.21 and last traded at $21.22, with a volume of 484512 shares. The stock had previously closed at $21.36.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Stock Down 0.7%

The company’s fifty day simple moving average is $21.92 and its 200 day simple moving average is $22.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TLTW. PNC Financial Services Group Inc. purchased a new stake in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the fourth quarter worth $54,000. JPMorgan Chase & Co. boosted its holdings in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 30.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,997 shares of the company’s stock valued at $93,000 after buying an additional 939 shares in the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the 4th quarter worth about $113,000. Cullen Frost Bankers Inc. increased its stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 38.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 8,805 shares of the company’s stock worth $200,000 after acquiring an additional 2,454 shares in the last quarter. Finally, Global Wealth Strategies & Associates increased its stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 7.5% in the 2nd quarter. Global Wealth Strategies & Associates now owns 12,973 shares of the company’s stock worth $290,000 after acquiring an additional 906 shares in the last quarter.

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.