Spectrum Planning & Advisory Services Inc. Increases Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Spectrum Planning & Advisory Services Inc. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 36.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,537 shares of the exchange traded fund’s stock after purchasing an additional 7,092 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for about 1.2% of Spectrum Planning & Advisory Services Inc.’s holdings, making the stock its 25th biggest holding. Spectrum Planning & Advisory Services Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $27,000. Strategic Investment Advisors MI purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $27,000. Smartleaf Asset Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $33,000. Trust Co. of Vermont boosted its position in iShares 20+ Year Treasury Bond ETF by 90.5% during the 4th quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 181 shares during the period. Finally, Stone House Investment Management LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 1,066.7% during the 4th quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 352 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $85.47 on Wednesday. The company has a fifty day moving average price of $85.88 and a 200 day moving average price of $87.47. iShares 20+ Year Treasury Bond ETF has a twelve month low of $82.77 and a twelve month high of $92.18. The stock has a market cap of $42.53 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be given a $0.3358 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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.