Spectrum Planning & Advisory Services Inc. Cuts Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Spectrum Planning & Advisory Services Inc. reduced its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 24.4% in the third quarter, HoldingsChannel reports. The firm owned 16,312 shares of the exchange traded fund’s stock after selling 5,272 shares during the period. iShares 20+ Year Treasury Bond ETF makes up approximately 1.5% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 15th largest position. Spectrum Planning & Advisory Services Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Divergent Wealth Advisors raised its stake in iShares 20+ Year Treasury Bond ETF by 1.1% in the third quarter. Divergent Wealth Advisors now owns 10,869 shares of the exchange traded fund’s stock valued at $1,066,000 after buying an additional 117 shares during the last quarter. Trivant Custom Portfolio Group LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 4.0% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 3,282 shares of the exchange traded fund’s stock valued at $301,000 after purchasing an additional 127 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 22.4% in the second quarter. Crewe Advisors LLC now owns 737 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 135 shares during the last quarter. Institute for Wealth Management LLC. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.8% during the second quarter. Institute for Wealth Management LLC. now owns 3,713 shares of the exchange traded fund’s stock worth $341,000 after buying an additional 136 shares during the period. Finally, Moser Wealth Advisors LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 0.6% during the second quarter. Moser Wealth Advisors LLC now owns 22,661 shares of the exchange traded fund’s stock valued at $2,080,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ TLT opened at $90.24 on Tuesday. The stock’s fifty day moving average price is $94.94 and its 200 day moving average price is $94.26. iShares 20+ Year Treasury Bond ETF has a 1 year low of $87.34 and a 1 year high of $101.64. The company has a market cap of $58.46 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.3105 per share. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.73 dividend on an annualized basis and a dividend yield of 4.13%.

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.