iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Hits New 1-Year Low – Here’s Why

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $21.41 and last traded at $21.49, with a volume of 1251977 shares. The stock had previously closed at $21.77.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Price Performance

The company has a 50-day moving average price of $22.01 and a 200-day moving average price of $22.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLTW. PNC Financial Services Group Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the 4th quarter worth about $54,000. JPMorgan Chase & Co. raised its position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 30.7% in the second quarter. JPMorgan Chase & Co. now owns 3,997 shares of the company’s stock valued at $93,000 after buying an additional 939 shares during the last quarter. Private Wealth Asset Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the fourth quarter valued at approximately $113,000. Cullen Frost Bankers Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 38.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 8,805 shares of the company’s stock valued at $200,000 after buying an additional 2,454 shares during the period. Finally, Global Wealth Strategies & Associates boosted its position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 7.5% during the second quarter. Global Wealth Strategies & Associates now owns 12,973 shares of the company’s stock worth $290,000 after acquiring an additional 906 shares during the last quarter.

About iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

The iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW) is an exchange-traded fund that is based on the CBOE TLT 2% OTM Buywrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares 20+ Year Treasury Bond ETF and writes one-month, out-of-the-money call options against the shares. TLTW was launched on Aug 18, 2022 and is managed by BlackRock.