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

iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) was the recipient of some unusual options trading on Friday. Investors acquired 626,230 call options on the stock. This represents an increase of approximately 35% compared to the average daily volume of 462,681 call options.

iShares 20+ Year Treasury Bond ETF Stock Down 0.8%

Shares of NASDAQ TLT opened at $87.55 on Friday. iShares 20+ Year Treasury Bond ETF has a 12 month low of $83.29 and a 12 month high of $94.09. The company has a market cap of $47.96 billion, a P/E ratio of -6.75 and a beta of 0.53. The business’s 50 day moving average is $89.68 and its two-hundred day moving average is $88.21.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be given a dividend of $0.3424 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend is Friday, December 19th.

Institutional Trading of iShares 20+ Year Treasury Bond ETF

A number of hedge funds have recently bought and sold shares of TLT. Clearstead Trust LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter valued at about $25,000. Cary Street Partners Investment Advisory LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 130.9% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 161 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at approximately $27,000. Strategic Investment Advisors MI acquired a new position in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at approximately $27,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth approximately $33,000. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Company Profile

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.