Investors Buy Large Volume of iShares 20+ Year Treasury Bond ETF Call Options (NASDAQ:TLT)

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) was the recipient of some unusual options trading on Friday. Stock traders bought 1,708,499 call options on the stock. This represents an increase of 121% compared to the average daily volume of 771,543 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TLT. LGL Partners LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at approximately $776,000. Belvedere Trading LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth approximately $2,823,000. Waverly Advisors LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 38.3% in the 2nd quarter. Waverly Advisors LLC now owns 36,173 shares of the exchange traded fund’s stock worth $3,126,000 after purchasing an additional 10,009 shares during the last quarter. Tidal Investments LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 457.8% in the 2nd quarter. Tidal Investments LLC now owns 76,413 shares of the exchange traded fund’s stock worth $6,578,000 after purchasing an additional 62,713 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 100.3% during the second quarter. Merit Financial Group LLC now owns 289,543 shares of the exchange traded fund’s stock worth $25,022,000 after purchasing an additional 144,965 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 0.1%

NASDAQ TLT opened at $80.05 on Friday. The business’s 50-day moving average price is $80.72 and its 200 day moving average price is $83.69. iShares 20+ Year Treasury Bond ETF has a twelve month low of $76.43 and a twelve month high of $92.18. The company has a market capitalization of $49.95 billion, a PE ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.3116 dividend. This is a negative change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. The ex-dividend date was Thursday, October 1st. This represents a $3.74 annualized dividend and a yield of 4.7%.

About iShares 20+ Year Treasury Bond ETF

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.