iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Sets New 12-Month Low – Here’s What Happened

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

iShares 20+ Year Treasury Bond ETF Price Performance

The company has a market cap of $45.59 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52. The firm has a fifty day simple moving average of $81.65 and a 200 day simple moving average of $84.26.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.3116 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.74 dividend on an annualized basis and a yield of 4.9%. 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

Hedge funds have recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at approximately $31,000. Summer Road LLC increased its position in iShares 20+ Year Treasury Bond ETF by 117.6% during the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 200 shares during the period. Axiom Investment Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the 1st quarter valued at $32,000. Versant Capital Management Inc boosted its holdings in iShares 20+ Year Treasury Bond ETF by 1,126.1% in the 3rd quarter. Versant Capital Management Inc now owns 564 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 518 shares during the period. Finally, Cornerstone Planning Group LLC grew its position 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 worth $51,000 after buying an additional 340 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

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.