Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) to Issue Monthly Dividend of $0.06

Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) declared a monthly dividend on Monday, October 19th. Shareholders of record on Monday, October 19th will be given a dividend of $0.0553 per share on Friday, October 23rd. This represents a $0.66 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, October 19th. This is a 6.5% increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.0519.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.4%

NASDAQ:BSMT traded down $0.09 during mid-day trading on Monday, hitting $22.45. 84,984 shares of the company’s stock were exchanged, compared to its average volume of 58,602. Invesco BulletShares 2029 Municipal Bond ETF has a one year low of $22.03 and a one year high of $23.41. The business has a fifty day moving average price of $22.64 and a 200 day moving average price of $22.90.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BSMT. Bank of America Corp DE increased its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 10.2% during the 1st quarter. Bank of America Corp DE now owns 291,824 shares of the company’s stock valued at $6,719,000 after purchasing an additional 27,076 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the third quarter worth about $4,862,000. NewEdge Advisors LLC increased its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 8.5% in the 2nd quarter. NewEdge Advisors LLC now owns 216,442 shares of the company’s stock worth $4,985,000 after acquiring an additional 16,948 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Invesco BulletShares 2029 Municipal Bond ETF by 14.1% during the second quarter. Integrated Wealth Concepts LLC now owns 154,554 shares of the company’s stock valued at $3,559,000 after purchasing an additional 19,148 shares in the last quarter. Finally, Clark Asset Management LLC boosted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 31.9% in the first quarter. Clark Asset Management LLC now owns 98,737 shares of the company’s stock worth $2,273,000 after purchasing an additional 23,885 shares during the period.

About Invesco BulletShares 2029 Municipal Bond ETF

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.