Confluence Investment Management LLC Purchases 280,194 Shares of Invesco BulletShares 2031 Municipal Bond ETF $BSMV

Confluence Investment Management LLC acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) during the 3rd quarter, HoldingsChannel reports. The firm acquired 280,194 shares of the company’s stock, valued at approximately $5,574,000.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 27.8% in the 1st quarter. Bank of America Corp DE now owns 233,434 shares of the company’s stock worth $4,874,000 after acquiring an additional 50,753 shares in the last quarter. Lido Advisors LLC grew its position in Invesco BulletShares 2031 Municipal Bond ETF by 10.6% in the 4th quarter. Lido Advisors LLC now owns 195,700 shares of the company’s stock worth $4,136,000 after purchasing an additional 18,800 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco BulletShares 2031 Municipal Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 147,684 shares of the company’s stock valued at $3,099,000 after buying an additional 6,048 shares during the last quarter. Envision Financial Planning LLC increased its stake in Invesco BulletShares 2031 Municipal Bond ETF by 3.6% in the 1st quarter. Envision Financial Planning LLC now owns 110,258 shares of the company’s stock valued at $2,302,000 after buying an additional 3,840 shares during the last quarter. Finally, Clark Asset Management LLC lifted its position in shares of Invesco BulletShares 2031 Municipal Bond ETF by 14.2% during the 2nd quarter. Clark Asset Management LLC now owns 106,337 shares of the company’s stock worth $2,231,000 after buying an additional 13,248 shares in the last quarter.

Invesco BulletShares 2031 Municipal Bond ETF Price Performance

Shares of NASDAQ BSMV traded up $0.14 during midday trading on Thursday, reaching $20.02. The company’s stock had a trading volume of 40,845 shares, compared to its average volume of 49,134. Invesco BulletShares 2031 Municipal Bond ETF has a 12-month low of $19.67 and a 12-month high of $21.53. The firm has a 50 day moving average price of $20.56 and a 200-day moving average price of $20.83.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.0508 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.61 annualized dividend and a dividend yield of 3.0%. This is a drop from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.0548.

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.