Hobbs Group Advisors LLC Buys New Position in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV)

Hobbs Group Advisors LLC bought a new stake in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) during the 2nd quarter, Holdings Channel.com reports. The firm bought 7,233 shares of the company’s stock, valued at approximately $152,000.

Several other institutional investors have also added to or reduced their stakes in the stock. First Command Advisory Services Inc. acquired a new position in Invesco BulletShares 2031 Municipal Bond ETF in the first quarter valued at approximately $45,000. Commonwealth Equity Services LLC lifted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 9.9% in the first quarter. Commonwealth Equity Services LLC now owns 27,631 shares of the company’s stock valued at $589,000 after buying an additional 2,496 shares during the period. Bill Few Associates Inc. acquired a new position in Invesco BulletShares 2031 Municipal Bond ETF in the second quarter valued at approximately $201,000. Precedent Wealth Partners LLC lifted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 29.4% in the first quarter. Precedent Wealth Partners LLC now owns 48,680 shares of the company’s stock valued at $1,037,000 after buying an additional 11,056 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Invesco BulletShares 2031 Municipal Bond ETF in the fourth quarter valued at approximately $245,000.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

BSMV traded up $0.02 during trading on Tuesday, hitting $21.19. The company’s stock had a trading volume of 8,342 shares, compared to its average volume of 21,472. Invesco BulletShares 2031 Municipal Bond ETF has a twelve month low of $19.68 and a twelve month high of $21.73. The stock’s fifty day moving average price is $21.13 and its 200-day moving average price is $21.17.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.0556 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 3.15%. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, June 24th.

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.