Invesco BulletShares 2029 Municipal Bond ETF $BSMT Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 52.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,260 shares of the company’s stock after selling 120,026 shares during the period. Confluence Investment Management LLC’s holdings in Invesco BulletShares 2029 Municipal Bond ETF were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BSMT. Hills Bank & Trust Co lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 90.4% during the 2nd quarter. Hills Bank & Trust Co now owns 610,608 shares of the company’s stock valued at $13,867,000 after acquiring an additional 289,878 shares during the period. Kathmere Capital Management LLC raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 61.0% during the second quarter. Kathmere Capital Management LLC now owns 286,752 shares of the company’s stock worth $6,512,000 after purchasing an additional 108,600 shares during the last quarter. Bank of America Corp DE raised its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 13.2% during the second quarter. Bank of America Corp DE now owns 234,965 shares of the company’s stock worth $5,336,000 after purchasing an additional 27,310 shares during the last quarter. Invesco Ltd. boosted its position in Invesco BulletShares 2029 Municipal Bond ETF by 2.5% during the second quarter. Invesco Ltd. now owns 216,812 shares of the company’s stock worth $4,924,000 after purchasing an additional 5,386 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at $4,680,000.

Invesco BulletShares 2029 Municipal Bond ETF Stock Performance

Shares of BSMT stock opened at $23.12 on Wednesday. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $21.87 and a fifty-two week high of $23.28. The business has a fifty day simple moving average of $23.10 and a 200-day simple moving average of $22.97.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.0497 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 2.6%.

About Invesco BulletShares 2029 Municipal Bond ETF

The Invesco BulletShares 2029 Municipal Bond ETF (BSMT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature by the end of 2029. BSMT was launched on Sep 25, 2019 and is managed by Invesco.