Northwestern Mutual Wealth Management Co. Has $24.07 Million Stake in Invesco BulletShares 2029 Municipal Bond ETF $BSMT

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 1,260.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039,660 shares of the company’s stock after purchasing an additional 963,241 shares during the period. Northwestern Mutual Wealth Management Co. owned 9.90% of Invesco BulletShares 2029 Municipal Bond ETF worth $24,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meridian Wealth Management LLC boosted its position in Invesco BulletShares 2029 Municipal Bond ETF by 3.1% in the 4th quarter. Meridian Wealth Management LLC now owns 26,955 shares of the company’s stock valued at $624,000 after buying an additional 800 shares during the last quarter. Equitable Holdings Inc. boosted its position in Invesco BulletShares 2029 Municipal Bond ETF by 4.0% in the 3rd quarter. Equitable Holdings Inc. now owns 35,652 shares of the company’s stock valued at $824,000 after buying an additional 1,372 shares during the last quarter. Farmers National Bank boosted its position in Invesco BulletShares 2029 Municipal Bond ETF by 3.1% in the 3rd quarter. Farmers National Bank now owns 49,604 shares of the company’s stock valued at $1,146,000 after buying an additional 1,509 shares during the last quarter. Royal Bank of Canada boosted its position in 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 valued at $251,000 after buying an additional 1,717 shares during the last quarter. Finally, Horizons Wealth Management boosted its position in Invesco BulletShares 2029 Municipal Bond ETF by 8.8% in the 4th quarter. Horizons Wealth Management now owns 23,301 shares of the company’s stock valued at $539,000 after buying an additional 1,877 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.1%

Shares of BSMT opened at $22.94 on Wednesday. The business’s fifty day moving average price is $23.10 and its two-hundred 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.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

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

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.