Invesco BulletShares 2031 Municipal Bond ETF $BSMV Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) by 527.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 317,976 shares of the company’s stock after buying an additional 267,318 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 4.03% of Invesco BulletShares 2031 Municipal Bond ETF worth $6,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BSMV. Lido Advisors LLC grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 104.5% during the 3rd quarter. Lido Advisors LLC now owns 176,900 shares of the company’s stock worth $3,717,000 after purchasing an additional 90,400 shares during the period. Jane Street Group LLC grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 139.1% during the 2nd quarter. Jane Street Group LLC now owns 92,818 shares of the company’s stock worth $1,914,000 after purchasing an additional 53,994 shares during the period. UBS Group AG grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 28.7% during the 4th quarter. UBS Group AG now owns 184,341 shares of the company’s stock worth $3,896,000 after purchasing an additional 41,119 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the 4th quarter worth approximately $767,000. Finally, Raymond James Financial Inc. grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 22.9% during the 3rd quarter. Raymond James Financial Inc. now owns 146,407 shares of the company’s stock worth $3,076,000 after purchasing an additional 27,320 shares during the period.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMV opened at $20.80 on Friday. Invesco BulletShares 2031 Municipal Bond ETF has a 12 month low of $20.35 and a 12 month high of $21.53. The firm’s 50 day simple moving average is $20.98 and its 200-day simple moving average is $21.14.

Invesco BulletShares 2031 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.0529 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, May 18th. This is a positive change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.05.

About Invesco BulletShares 2031 Municipal Bond ETF

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.