iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Hits New 12-Month Low – Should You Sell?

Shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) hit a new 52-week low during trading on Monday . The company traded as low as $21.09 and last traded at $21.11, with a volume of 74141 shares trading hands. The stock had previously closed at $21.18.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Stock Performance

The stock’s fifty day moving average is $21.83 and its 200-day moving average is $22.32.

Institutional Trading of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its holdings in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 639.1% during the first quarter. Janney Montgomery Scott LLC now owns 239,395 shares of the company’s stock worth $5,415,000 after purchasing an additional 207,005 shares during the period. Ascentis Independent Advisors lifted its holdings in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 105.0% during the 1st quarter. Ascentis Independent Advisors now owns 245,150 shares of the company’s stock valued at $5,545,000 after purchasing an additional 125,593 shares during the last quarter. Claris Financial LLC bought a new stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the 4th quarter worth about $1,085,000. Bank of New York Mellon Corp boosted its holdings in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 144.6% during the first quarter. Bank of New York Mellon Corp now owns 269,932 shares of the company’s stock worth $6,106,000 after acquiring an additional 159,592 shares during the period. Finally, Global Wealth Strategies & Associates grew its position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 7.5% in the second quarter. Global Wealth Strategies & Associates now owns 12,973 shares of the company’s stock valued at $290,000 after purchasing an additional 906 shares during 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.