Spectrum Planning & Advisory Services Inc. Acquires 8,863 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Spectrum Planning & Advisory Services Inc. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 33.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 accounts for about 1.5% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 21st biggest holding. Spectrum Planning & Advisory Services Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TLT. Bank of America Corp DE raised its position in shares of iShares 20+ Year Treasury Bond ETF by 10.5% in the 4th quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock worth $9,505,452,000 after acquiring an additional 10,380,437 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in iShares 20+ Year Treasury Bond ETF by 3.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock valued at $3,760,094,000 after purchasing an additional 1,418,641 shares in the last quarter. Morgan Stanley grew its stake in iShares 20+ Year Treasury Bond ETF by 31.3% in the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after purchasing an additional 4,577,906 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after purchasing an additional 44,234,543 shares during the last quarter. Finally, Harvest Portfolios Group Inc. grew its stake in iShares 20+ Year Treasury Bond ETF by 0.9% in the third quarter. Harvest Portfolios Group Inc. now owns 3,535,387 shares of the exchange traded fund’s stock valued at $315,958,000 after purchasing an additional 33,088 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $86.75 on Monday. The company has a market capitalization of $43.17 billion, a PE ratio of -6.75 and a beta of 0.52. The company has a 50-day simple moving average of $85.66 and a two-hundred day simple moving average of $87.08. iShares 20+ Year Treasury Bond ETF has a one year low of $82.77 and a one year high of $92.18.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.3358 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was 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.