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

Spectrum Planning & Advisory Services Inc. lifted its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 33.4% in the first quarter, Holdings Channel reports. The firm owned 35,400 shares of the exchange traded fund’s stock after buying an additional 8,863 shares during the period. iShares 20+ Year Treasury Bond ETF comprises about 1.5% of Spectrum Planning & Advisory Services Inc.’s portfolio, making the stock its 21st largest position. Spectrum Planning & Advisory Services Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,069,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 28.0% in the fourth quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock worth $240,000 after acquiring an additional 601 shares in the last quarter. Capstone Wealth Management Group LLC increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 409.3% during the first quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock valued at $4,629,000 after acquiring an additional 40,863 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 520.4% during the second quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after acquiring an additional 510 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.7% during the second quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock valued at $71,348,000 after acquiring an additional 180,073 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of iShares 20+ Year Treasury Bond ETF by 2.3% in the 2nd quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock valued at $248,391,000 after purchasing an additional 63,442 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $86.75 on Monday. The firm has a 50 day moving average of $85.66 and a 200 day moving average of $87.08. The stock has a market capitalization of $43.17 billion, a PE ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a 52 week low of $82.77 and a 52 week high of $92.18.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.3358 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, June 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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.