Stock Traders Purchase High Volume of iShares 20+ Year Treasury Bond ETF Call Options (NASDAQ:TLT)

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) was the target of some unusual options trading on Tuesday. Stock traders purchased 777,303 call options on the company. This represents an increase of approximately 32% compared to the typical volume of 590,176 call options.

iShares 20+ Year Treasury Bond ETF Stock Up 1.7 %

Shares of NASDAQ TLT opened at $91.42 on Wednesday. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64. The company has a market capitalization of $55.57 billion, a PE ratio of -7.14 and a beta of 0.06. The stock’s 50 day moving average price is $87.86 and its 200-day moving average price is $92.50.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.3123 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TLT. Independence Bank of Kentucky bought a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $26,000. Richardson Financial Services Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at about $30,000. New Wave Wealth Advisors LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $32,000. Van ECK Associates Corp boosted its stake in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 178 shares in the last quarter. Finally, West Branch Capital LLC grew its position in iShares 20+ Year Treasury Bond ETF by 94.9% during the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 203 shares during the last quarter. 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.