Northwestern Mutual Wealth Management Co. Has $2.24 Million Position in Invesco BulletShares 2031 Municipal Bond ETF $BSMV

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) by 109.5% during the fourth quarter, HoldingsChannel reports. The firm owned 106,137 shares of the company’s stock after acquiring an additional 55,479 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco BulletShares 2031 Municipal Bond ETF were worth $2,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BSMV. NewEdge Advisors LLC acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the first quarter worth about $54,000. JPMorgan Chase & Co. acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the third quarter worth about $56,000. Harbour Investments Inc. raised its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 5.2% during the fourth quarter. Harbour Investments Inc. now owns 9,517 shares of the company’s stock worth $201,000 after purchasing an additional 472 shares during the period. Focus Partners Wealth acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the third quarter worth about $210,000. Finally, Jones Financial Companies Lllp raised its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 78.3% during the third quarter. Jones Financial Companies Lllp now owns 11,120 shares of the company’s stock worth $233,000 after purchasing an additional 4,883 shares during the period.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Shares of Invesco BulletShares 2031 Municipal Bond ETF stock opened at $21.03 on Friday. The business’s 50 day simple moving average is $20.96 and its 200 day simple moving average is $21.13. Invesco BulletShares 2031 Municipal Bond ETF has a 52-week low of $20.38 and a 52-week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.0529 dividend. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, May 18th.

Invesco BulletShares 2031 Municipal Bond ETF Company Profile

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.