iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Reaches New 12-Month Low – What’s Next?

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) shares hit a new 52-week low on Tuesday . The stock traded as low as $86.98 and last traded at $87.02, with a volume of 1522495 shares. The stock had previously closed at $87.50.

iShares 20+ Year Treasury Bond ETF Stock Performance

The stock has a market capitalization of $56.42 billion, a PE ratio of -7.14 and a beta of 0.06. The firm’s 50 day moving average is $91.83 and its two-hundred day moving average is $94.36.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.351 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 4.84%. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TLT. Riggs Asset Managment Co. Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the second quarter worth $35,000. ORG Wealth Partners LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at $35,000. Anfield Capital Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the second quarter worth $36,000. Ridgewood Investments LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at about $42,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth about $42,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

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.