HighTower Advisors LLC Raises Position in Invesco BulletShares 2029 Municipal Bond ETF $BSMT

HighTower Advisors LLC boosted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 50.0% in the 4th quarter, Holdings Channel reports. The fund owned 200,173 shares of the company’s stock after acquiring an additional 66,723 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco BulletShares 2029 Municipal Bond ETF were worth $4,634,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 1,260.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,660 shares of the company’s stock worth $24,068,000 after purchasing an additional 963,241 shares in the last quarter. Hills Bank & Trust Co lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 10.8% in the 4th quarter. Hills Bank & Trust Co now owns 633,116 shares of the company’s stock worth $14,657,000 after purchasing an additional 61,687 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 2.5% in the 3rd quarter. Bank of America Corp DE now owns 240,794 shares of the company’s stock worth $5,562,000 after purchasing an additional 5,829 shares in the last quarter. Invesco Ltd. lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 10.4% in the 3rd quarter. Invesco Ltd. now owns 239,350 shares of the company’s stock worth $5,529,000 after purchasing an additional 22,538 shares in the last quarter. Finally, Sterling Financial Group Inc. lifted its stake in Invesco BulletShares 2029 Municipal Bond ETF by 123.8% in the 3rd quarter. Sterling Financial Group Inc. now owns 206,991 shares of the company’s stock worth $4,781,000 after purchasing an additional 114,491 shares in the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

BSMT opened at $23.05 on Friday. The company’s 50 day simple moving average is $23.06 and its two-hundred day simple moving average is $23.16. Invesco BulletShares 2029 Municipal Bond ETF has a 1-year low of $22.52 and a 1-year high of $23.41.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were paid a $0.0545 dividend. This is a positive change from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 2.8%.

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.