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

Spectrum Planning & Advisory Services Inc. cut its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 61.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,061 shares of the exchange traded fund’s stock after selling 8,006 shares during the quarter. Spectrum Planning & Advisory Services Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TLT. NBC Securities Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $25,000. Byrne Asset Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $26,000. Proathlete Wealth Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $28,000. Coastline Trust Co purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $32,000. Finally, First Pacific Financial purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $38,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT opened at $88.98 on Thursday. The stock has a market capitalization of $49.75 billion, a PE ratio of -6.75 and a beta of 0.06. The firm’s fifty day moving average price is $87.54 and its 200 day moving average price is $87.60. iShares 20+ Year Treasury Bond ETF has a 12-month low of $83.29 and a 12-month high of $99.33.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were issued a $0.3281 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 4.4%.

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.