iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Hits New 52-Week Low – Time to Sell?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)’s share price hit a new 52-week low on Friday . The company traded as low as $81.86 and last traded at $81.88, with a volume of 11529640 shares changing hands. The stock had previously closed at $82.59.

iShares 20+ Year Treasury Bond ETF Trading Down 0.9%

The stock has a market cap of $41.24 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The firm has a fifty day simple moving average of $84.56 and a 200-day simple moving average of $86.10.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.3305 per share. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Trading of iShares 20+ Year Treasury Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 10.5% in the 4th quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock valued at $9,505,452,000 after purchasing an additional 10,380,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.4% in the 4th 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 purchasing an additional 1,418,641 shares during the period. Morgan Stanley boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 31.3% in the 4th quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock worth $1,672,338,000 after purchasing an additional 4,577,906 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 125.5% during the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock worth $784,229,000 after purchasing an additional 44,234,543 shares during the period. Finally, Pureheart Capital Pte Ltd. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $292,683,000. 73.33% of the stock is owned by institutional investors.

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.