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

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) reached a new 52-week low during trading on Tuesday. The company traded as low as $78.27 and last traded at $78.62, with a volume of 62886297 shares. The stock had previously closed at $79.32.

iShares 20+ Year Treasury Bond ETF Trading Down 0.6%

The company has a market capitalization of $45.74 billion, a PE ratio of -6.75 and a beta of 0.51. The stock’s fifty day moving average is $81.87 and its two-hundred day moving average is $84.39.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.3147 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $3.78 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 $0.3305.

Institutional Trading of iShares 20+ Year Treasury Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TLT. JPMorgan Chase & Co. raised its position in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth 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 during the period. Aozora Bank LTD. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth about $198,507,000. Envestnet Asset Management Inc. boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock worth $479,702,000 after buying an additional 860,164 shares during the period. The Manufacturers Life Insurance Company grew its stake in iShares 20+ Year Treasury Bond ETF by 141.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock valued at $113,380,000 after buying an additional 769,615 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in iShares 20+ Year Treasury Bond ETF by 2,830.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 685,649 shares of the exchange traded fund’s stock valued at $59,254,000 after buying an additional 662,248 shares during 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.