Anchor Investment Management LLC Raises Position in Invesco BulletShares 2029 Municipal Bond ETF $BSMT

Anchor Investment Management LLC increased its stake in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 562.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 26,500 shares of the company’s stock after purchasing an additional 22,500 shares during the quarter. Anchor Investment Management LLC’s holdings in Invesco BulletShares 2029 Municipal Bond ETF were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada grew its position in Invesco BulletShares 2029 Municipal Bond ETF by 18.4% in the first quarter. Royal Bank of Canada now owns 11,037 shares of the company’s stock valued at $251,000 after acquiring an additional 1,717 shares in the last quarter. Focus Partners Wealth grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 10.4% during the 1st quarter. Focus Partners Wealth now owns 47,213 shares of the company’s stock valued at $1,074,000 after purchasing an additional 4,454 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 91.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,461 shares of the company’s stock valued at $169,000 after purchasing an additional 3,569 shares in the last quarter. Invesco Ltd. lifted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 2.5% in the 2nd quarter. Invesco Ltd. now owns 216,812 shares of the company’s stock worth $4,924,000 after buying an additional 5,386 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the second quarter worth about $302,000.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of BSMT opened at $23.08 on Monday. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $22.68 and a one year high of $23.41. The stock has a 50-day moving average price of $23.06 and a 200 day moving average price of $23.15.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.0534 per share. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 2.8%.

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.