Spectrum Planning & Advisory Services Inc. Sells 5,272 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Spectrum Planning & Advisory Services Inc. lowered its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,312 shares of the exchange traded fund’s stock after selling 5,272 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up approximately 1.5% of Spectrum Planning & Advisory Services Inc.’s holdings, making the stock its 15th biggest 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.

A number of other hedge funds have also recently modified their holdings of TLT. Summit Wealth Group LLC raised its position in shares of iShares 20+ Year Treasury Bond ETF by 11.5% during the 3rd quarter. Summit Wealth Group LLC now owns 43,887 shares of the exchange traded fund’s stock valued at $4,305,000 after purchasing an additional 4,524 shares during the period. Lowery Thomas LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth approximately $1,602,000. Prospera Financial Services Inc lifted its position in iShares 20+ Year Treasury Bond ETF by 15.6% during the third quarter. Prospera Financial Services Inc now owns 239,597 shares of the exchange traded fund’s stock valued at $23,504,000 after purchasing an additional 32,327 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of iShares 20+ Year Treasury Bond ETF by 95.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 494,558 shares of the exchange traded fund’s stock valued at $48,516,000 after buying an additional 241,342 shares in the last quarter. Finally, Mendel Capital Management LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 36.2% in the 3rd quarter. Mendel Capital Management LLC now owns 4,269 shares of the exchange traded fund’s stock valued at $419,000 after acquiring an additional 1,134 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 0.2 %

TLT opened at $90.24 on Tuesday. The stock has a 50-day moving average of $94.94 and a 200 day moving average of $94.26. iShares 20+ Year Treasury Bond ETF has a 12 month low of $87.34 and a 12 month high of $101.64. The firm has a market cap of $58.46 billion, a P/E 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. Stockholders of record on Friday, November 1st were issued a $0.3105 dividend. This represents a $3.73 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Friday, November 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.