Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Trading Up 0.5%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU)’s share price were up 0.5% on Thursday . The company traded as high as $22.05 and last traded at $22.02. Approximately 18,197 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 28,116 shares. The stock had previously closed at $21.92.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

The business’s 50-day simple moving average is $21.85 and its two-hundred day simple moving average is $21.99.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 22nd were given a $0.056 dividend. The ex-dividend date was Monday, July 22nd. This represents a $0.67 dividend on an annualized basis and a dividend yield of 3.04%. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BSMU. Envision Financial Planning LLC grew its stake in Invesco BulletShares 2030 Municipal Bond ETF by 8.7% during the 1st quarter. Envision Financial Planning LLC now owns 177,185 shares of the company’s stock valued at $3,919,000 after acquiring an additional 14,232 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter worth approximately $2,791,000. Key Financial Inc lifted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 29.2% during the 2nd quarter. Key Financial Inc now owns 110,225 shares of the company’s stock worth $2,400,000 after buying an additional 24,925 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 15.7% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 82,088 shares of the company’s stock worth $1,787,000 after buying an additional 11,114 shares in the last quarter. Finally, Precedent Wealth Partners LLC lifted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 17.2% during the 2nd quarter. Precedent Wealth Partners LLC now owns 58,586 shares of the company’s stock worth $1,276,000 after buying an additional 8,581 shares in the last quarter.

About Invesco BulletShares 2030 Municipal Bond ETF

The Invesco BulletShares 2030 Municipal Bond ETF (BSMU) 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 2030. BSMU was launched on Sep 16, 2020 and is managed by Invesco.