Confluence Investment Management LLC Cuts Stake in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU)

Confluence Investment Management LLC trimmed its holdings in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) by 9.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,751 shares of the company’s stock after selling 1,322 shares during the quarter. Confluence Investment Management LLC’s holdings in Invesco BulletShares 2030 Municipal Bond ETF were worth $278,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pineridge Advisors LLC bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the fourth quarter worth $2,791,000. Raymond James & Associates bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter valued at about $458,000. Envision Financial Planning LLC boosted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 8.7% during the 1st quarter. Envision Financial Planning LLC now owns 177,185 shares of the company’s stock valued at $3,919,000 after acquiring an additional 14,232 shares during the period. Private Advisor Group LLC bought a new position in Invesco BulletShares 2030 Municipal Bond ETF during the 4th quarter worth approximately $311,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Invesco BulletShares 2030 Municipal Bond ETF in the 4th quarter worth approximately $303,000.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

Shares of NASDAQ:BSMU traded up $0.05 during trading on Monday, reaching $22.18. 17,269 shares of the company traded hands, compared to its average volume of 27,896. Invesco BulletShares 2030 Municipal Bond ETF has a 52-week low of $20.57 and a 52-week high of $22.80. The business’s fifty day moving average is $21.85 and its 200-day moving average is $21.99.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were paid a dividend of $0.056 per share. This represents a $0.67 annualized dividend and a dividend yield of 3.03%. This is an increase from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, July 22nd.

Invesco BulletShares 2030 Municipal Bond ETF Profile

The Invesco BulletShares 2030 Municipal Bond ETF (BSMU) 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 2030. BSMU was launched on Sep 16, 2020 and is managed by Invesco.