Kinetic Wealth Investment Advisors LLC Purchases New Stake in Invesco BulletShares 2029 Municipal Bond ETF $BSMT

Kinetic Wealth Investment Advisors LLC bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 80,405 shares of the company’s stock, valued at approximately $1,852,000. Invesco BulletShares 2029 Municipal Bond ETF accounts for about 0.9% of Kinetic Wealth Investment Advisors LLC’s portfolio, making the stock its 22nd largest holding.

A number of other hedge funds have also made changes to their positions in BSMT. Harbor Investment Advisory LLC lifted its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 92.9% during the first quarter. Harbor Investment Advisory LLC now owns 1,350 shares of the company’s stock worth $31,000 after purchasing an additional 650 shares in the last quarter. Western Wealth Management LLC purchased a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter worth approximately $51,000. PNC Financial Services Group Inc. grew its position in Invesco BulletShares 2029 Municipal Bond ETF by 24.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,660 shares of the company’s stock valued at $62,000 after acquiring an additional 520 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Invesco BulletShares 2029 Municipal Bond ETF by 680.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,362 shares of the company’s stock valued at $78,000 after acquiring an additional 2,931 shares in the last quarter. Finally, Anchor Investment Management LLC raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 300.0% during the fourth quarter. Anchor Investment Management LLC now owns 4,000 shares of the company’s stock valued at $93,000 after purchasing an additional 3,000 shares during the period.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

NASDAQ BSMT opened at $22.77 on Tuesday. The company’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $23.06. Invesco BulletShares 2029 Municipal Bond ETF has a 52 week low of $22.74 and a 52 week high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.0552 dividend. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 2.9%. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05.

Invesco BulletShares 2029 Municipal Bond ETF 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.