iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW) Hits New 12-Month Low – Here’s What Happened

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (BATS:TLTW)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.69 and last traded at $21.73, with a volume of 1655624 shares traded. The stock had previously closed at $21.77.

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Price Performance

The stock has a 50-day moving average of $22.41 and a 200-day moving average of $22.83.

Hedge Funds Weigh In On iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments LLC purchased a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the fourth quarter worth about $11,950,000. Bank of New York Mellon Corp grew its position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 144.6% during the first quarter. Bank of New York Mellon Corp now owns 269,932 shares of the company’s stock worth $6,106,000 after buying an additional 159,592 shares in the last quarter. Ascentis Independent Advisors grew its position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 105.0% during the first quarter. Ascentis Independent Advisors now owns 245,150 shares of the company’s stock worth $5,545,000 after buying an additional 125,593 shares in the last quarter. Janney Montgomery Scott LLC grew its position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF by 639.1% during the first quarter. Janney Montgomery Scott LLC now owns 239,395 shares of the company’s stock worth $5,415,000 after buying an additional 207,005 shares in the last quarter. Finally, Claris Financial LLC purchased a new position in iShares 20+ Year Treasury Bond BuyWrite Strategy ETF during the fourth quarter worth about $1,085,000.

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.