NewEdge Advisors LLC Grows Stock Position in Invesco BulletShares 2029 Municipal Bond ETF $BSMT

NewEdge Advisors LLC raised its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 16.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,494 shares of the company’s stock after acquiring an additional 28,476 shares during the quarter. NewEdge Advisors LLC owned approximately 1.77% of Invesco BulletShares 2029 Municipal Bond ETF worth $4,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Financial Solutions Advisory Group Inc. acquired a new stake in shares of Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at approximately $1,670,000. Asset Dedication LLC lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 8.6% in the 1st quarter. Asset Dedication LLC now owns 74,984 shares of the company’s stock valued at $1,726,000 after buying an additional 5,943 shares in the last quarter. Hobbs Group Advisors LLC grew its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 18.4% during the 1st quarter. Hobbs Group Advisors LLC now owns 23,749 shares of the company’s stock valued at $547,000 after buying an additional 3,692 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the 1st quarter valued at $51,000. Finally, Bank of America Corp DE increased its position in Invesco BulletShares 2029 Municipal Bond ETF by 10.2% during the first quarter. Bank of America Corp DE now owns 291,824 shares of the company’s stock worth $6,719,000 after buying an additional 27,076 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

NASDAQ BSMT opened at $23.03 on Wednesday. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $22.78 and a fifty-two week high of $23.41. The business has a fifty day moving average of $23.02 and a 200-day moving average of $23.11.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were given a dividend of $0.0541 per share. The ex-dividend date was Monday, July 20th. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is a boost from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Invesco BulletShares 2029 Municipal Bond ETF Company Profile

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.