iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Sets New 52-Week Low – Here’s What Happened

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLTGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $80.38 and last traded at $80.3280, with a volume of 22674713 shares traded. The stock had previously closed at $81.75.

iShares 20+ Year Treasury Bond ETF Trading Down 1.6%

The stock has a market cap of $46.98 billion, a P/E ratio of -6.75 and a beta of 0.51. The business has a 50-day simple moving average of $82.48 and a 200 day simple moving average of $84.77.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.3147 per share. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.7%.

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

Several large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in iShares 20+ Year Treasury Bond ETF by 3.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock valued at $3,760,094,000 after acquiring an additional 1,418,641 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 125.5% during the 4th quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after purchasing an additional 44,234,543 shares in the last quarter. Aozora Bank LTD. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter worth approximately $198,507,000. The Manufacturers Life Insurance Company increased its holdings in iShares 20+ Year Treasury Bond ETF by 141.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock worth $113,380,000 after purchasing an additional 769,615 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in iShares 20+ Year Treasury Bond ETF by 30.1% in the second quarter. HighTower Advisors LLC now owns 1,052,408 shares of the exchange traded fund’s stock worth $90,949,000 after purchasing an additional 243,793 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

About iShares 20+ Year Treasury Bond ETF

(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.

Recommended Stories

Receive News & Ratings for iShares 20+ Year Treasury Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 20+ Year Treasury Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.