Confluence Investment Management LLC Decreases Stock Position in Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS)

Confluence Investment Management LLC cut its stake in Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,386 shares of the company’s stock after selling 1,404 shares during the period. Confluence Investment Management LLC owned about 0.07% of Invesco BulletShares 2028 Municipal Bond ETF worth $6,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James & Associates lifted its holdings in Invesco BulletShares 2028 Municipal Bond ETF by 123.9% during the 4th quarter. Raymond James & Associates now owns 30,127 shares of the company’s stock worth $716,000 after buying an additional 16,670 shares during the last quarter. MONECO Advisors LLC purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth about $307,000. Private Advisor Group LLC purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth about $382,000. Beacon Pointe Advisors LLC purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth about $253,000. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in Invesco BulletShares 2028 Municipal Bond ETF during the 4th quarter worth about $336,000.

Invesco BulletShares 2028 Municipal Bond ETF Stock Up 0.1 %

NASDAQ BSMS traded up $0.02 during trading on Friday, reaching $23.46. 176,742 shares of the company’s stock were exchanged, compared to its average volume of 24,300. The company has a 50 day moving average price of $23.30 and a two-hundred day moving average price of $23.40. Invesco BulletShares 2028 Municipal Bond ETF has a 1 year low of $22.25 and a 1 year high of $23.81.

Invesco BulletShares 2028 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were issued a $0.055 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, July 22nd.

Invesco BulletShares 2028 Municipal Bond ETF Profile

The Invesco BulletShares 2028 Municipal Bond ETF (BSMS) 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 2028. BSMS was launched on Sep 25, 2019 and is managed by Invesco.