iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Reaches New 1-Year Low – Time to Sell?

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) hit a new 52-week low on Thursday . The company traded as low as $20.88 and last traded at $20.8950, with a volume of 214382 shares traded. The stock had previously closed at $21.08.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Price Performance

The firm has a 50 day simple moving average of $21.42 and a 200-day simple moving average of $22.08.

Institutional Investors Weigh In On iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

A number of large investors have recently added to or reduced their stakes in the business. United Community Bank acquired a new stake in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the 2nd quarter valued at $34,000. PNC Financial Services Group Inc. acquired a new position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the fourth quarter valued at $54,000. JPMorgan Chase & Co. increased its holdings in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 30.7% in the second quarter. JPMorgan Chase & Co. now owns 3,997 shares of the company’s stock valued at $93,000 after purchasing an additional 939 shares during the last quarter. Private Wealth Asset Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF in the fourth quarter valued at about $113,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 38.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 8,805 shares of the company’s stock valued at $200,000 after purchasing an additional 2,454 shares during the period.

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.