Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Share Price Break Above Two Hundred Day Moving Average – Here’s Why

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $23.60 and traded as high as $23.63. Invesco BulletShares 2027 Municipal Bond ETF shares last traded at $23.62, with a volume of 112,504 shares.

Invesco BulletShares 2027 Municipal Bond ETF Stock Up 0.4%

The business has a 50 day simple moving average of $23.43 and a 200-day simple moving average of $23.60.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a dividend of $0.0565 per share. This is a boost from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.0530. The ex-dividend date was Monday, October 19th. This represents a $0.68 annualized dividend and a dividend yield of 2.9%.

Hedge Funds Weigh In On Invesco BulletShares 2027 Municipal Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC acquired a new stake in Invesco BulletShares 2027 Municipal Bond ETF during the 3rd quarter worth approximately $1,173,000. Banco Santander S.A. acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at approximately $900,000. HighTower Advisors LLC acquired a new position in shares of Invesco BulletShares 2027 Municipal Bond ETF in the third quarter valued at approximately $5,066,000. Western Wealth Management LLC boosted its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 429.3% in the third quarter. Western Wealth Management LLC now owns 56,105 shares of the company’s stock valued at $1,305,000 after buying an additional 45,505 shares during the period. Finally, Harbour Investments Inc. bought a new stake in shares of Invesco BulletShares 2027 Municipal Bond ETF during the third quarter worth $489,000.

About Invesco BulletShares 2027 Municipal Bond ETF

The Invesco BulletShares 2027 Municipal Bond ETF (BSMR) 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 2027. BSMR was launched on Sep 25, 2019 and is managed by Invesco.