iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Sets New 1-Year Low – Should You Sell?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as $76.73 and last traded at $76.7120, with a volume of 24753694 shares trading hands. The stock had previously closed at $77.48.

iShares 20+ Year Treasury Bond ETF Trading Down 0.9%

The firm has a 50-day simple moving average of $81.65 and a two-hundred day simple moving average of $84.26. The company has a market capitalization of $45.59 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a $0.3116 dividend. This represents a $3.74 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147.

Institutional Trading of iShares 20+ Year Treasury Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $31,000. Summer Road LLC boosted 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 purchasing an additional 200 shares in the last quarter. Axiom Investment Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the first quarter worth $32,000. Versant Capital Management Inc raised its holdings in iShares 20+ Year Treasury Bond ETF by 1,126.1% during the third quarter. Versant Capital Management Inc now owns 564 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 518 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 123.6% during the second quarter. Cornerstone Planning Group LLC now owns 615 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 340 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

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.