Invesco BulletShares 2029 Municipal Bond ETF (BSMT) to Issue Monthly Dividend of $0.05 on May 22nd

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) declared a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Stockholders of record on Monday, May 18th will be given a dividend of 0.0545 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, May 18th. This is a 5.1% increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

BSMT opened at $22.94 on Wednesday. The stock’s 50 day moving average price is $23.10 and its 200-day moving average price is $23.16. Invesco BulletShares 2029 Municipal Bond ETF has a 52-week low of $22.51 and a 52-week high of $23.41.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BSMT. Royal Bank of Canada lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 18.4% in the 1st quarter. Royal Bank of Canada now owns 11,037 shares of the company’s stock worth $251,000 after purchasing an additional 1,717 shares during the period. Focus Partners Wealth increased its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.4% during the first quarter. Focus Partners Wealth now owns 47,213 shares of the company’s stock valued at $1,074,000 after buying an additional 4,454 shares during the period. JPMorgan Chase & Co. raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 91.7% in the second quarter. JPMorgan Chase & Co. now owns 7,461 shares of the company’s stock worth $169,000 after buying an additional 3,569 shares in the last quarter. Invesco Ltd. raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 2.5% in the second quarter. Invesco Ltd. now owns 216,812 shares of the company’s stock worth $4,924,000 after buying an additional 5,386 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the second quarter worth about $302,000.

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.