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

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLTGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $82.70 and last traded at $82.91, with a volume of 28929075 shares traded. The stock had previously closed at $84.24.

iShares 20+ Year Treasury Bond ETF Stock Performance

The company has a market capitalization of $42.40 billion, a P/E ratio of -6.75 and a beta of 0.51. The business’s fifty day simple moving average is $85.18 and its 200-day simple moving average is $86.54.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.318 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On iShares 20+ Year Treasury Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 123.6% during the 2nd quarter. Cornerstone Planning Group LLC now owns 615 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 340 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 19.3% in the second quarter. Kovack Advisors Inc. now owns 11,007 shares of the exchange traded fund’s stock valued at $942,000 after purchasing an additional 1,777 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 4.8% in the second quarter. Axxcess Wealth Management LLC now owns 117,252 shares of the exchange traded fund’s stock valued at $10,133,000 after purchasing an additional 5,332 shares in the last quarter. MBA Advisors LLC increased its position in iShares 20+ Year Treasury Bond ETF by 9.5% in the second quarter. MBA Advisors LLC now owns 24,992 shares of the exchange traded fund’s stock worth $2,160,000 after purchasing an additional 2,169 shares during the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter valued at $69,000. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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