Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) Stock Price Up 0% – Still a Buy?

Shares of Invesco BulletShares 2034 Municipal Bond ETF (NASDAQ:BSMY) traded up 0% on Tuesday . The company traded as high as $24.63 and last traded at $24.57. 9,827 shares were traded during mid-day trading, a decline of 64% from the average session volume of 27,309 shares. The stock had previously closed at $24.56.

Invesco BulletShares 2034 Municipal Bond ETF Trading Up 0.0%

The firm’s 50 day simple moving average is $24.46 and its 200-day simple moving average is $24.60.

Invesco BulletShares 2034 Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.0741 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, May 18th.

Hedge Funds Weigh In On Invesco BulletShares 2034 Municipal Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in Invesco BulletShares 2034 Municipal Bond ETF during the first quarter worth about $40,000. Osaic Holdings Inc. increased its holdings in shares of Invesco BulletShares 2034 Municipal Bond ETF by 44.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,340 shares of the company’s stock worth $55,000 after buying an additional 720 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 4th quarter worth approximately $86,000. Ascentis Independent Advisors purchased a new stake in shares of Invesco BulletShares 2034 Municipal Bond ETF during the 1st quarter valued at approximately $141,000. Finally, Royal Bank of Canada lifted its holdings in Invesco BulletShares 2034 Municipal Bond ETF by 19.9% in the fourth quarter. Royal Bank of Canada now owns 8,022 shares of the company’s stock valued at $197,000 after acquiring an additional 1,331 shares during the last quarter.

About Invesco BulletShares 2034 Municipal Bond ETF

The Invesco BulletShares 2034 Municipal Bond ETF (BSMY) 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 2034. BSMY was launched on Sep 11, 2024 and is issued by Invesco.