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

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) reached 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 trading hands. The stock had previously closed at $82.59.

iShares 20+ Year Treasury Bond ETF Price Performance

The stock has a market cap of $41.24 billion, a P/E ratio of -6.75 and a beta of 0.51. The business’s 50 day simple moving average is $84.56 and its 200 day simple moving average is $86.10.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TLT. JPMorgan Chase & Co. boosted its position in 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 buying an additional 44,234,543 shares in the last quarter. Bank of America Corp DE raised its position in 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. Morgan Stanley boosted its stake in iShares 20+ Year Treasury Bond ETF by 31.3% in the fourth 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 in the last quarter. Pureheart Capital Pte Ltd. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $292,683,000. Finally, Aozora Bank LTD. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the second quarter valued at about $198,507,000. 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.