Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) Share Price Break Above Two Hundred Day Moving Average – Here’s Why

Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $23.60 and traded as high as $23.63. Invesco BulletShares 2027 Municipal Bond ETF shares last traded at $23.62, with a volume of 112,504 shares.

Invesco BulletShares 2027 Municipal Bond ETF Stock Up 0.4%

The business has a fifty day moving average of $23.43 and a 200 day moving average of $23.60.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were given a dividend of $0.0565 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, October 19th. This is an increase from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.0530.

Institutional Trading of Invesco BulletShares 2027 Municipal Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 63.9% during the first quarter. Bank of America Corp DE now owns 466,692 shares of the company’s stock valued at $11,039,000 after purchasing an additional 181,981 shares during the period. Financial Solutions Advisory Group Inc. bought a new stake in Invesco BulletShares 2027 Municipal Bond ETF in the first quarter valued at approximately $8,155,000. NewEdge Advisors LLC raised its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 7.0% in the second quarter. NewEdge Advisors LLC now owns 217,832 shares of the company’s stock worth $5,150,000 after purchasing an additional 14,192 shares during the period. HighTower Advisors LLC acquired a new stake in Invesco BulletShares 2027 Municipal Bond ETF in the third quarter worth $5,066,000. Finally, Precedent Wealth Partners LLC raised its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 12.7% in the third quarter. Precedent Wealth Partners LLC now owns 214,181 shares of the company’s stock worth $4,982,000 after purchasing an additional 24,129 shares during the period.

Invesco BulletShares 2027 Municipal Bond ETF Company Profile

The Invesco BulletShares 2027 Municipal Bond ETF (BSMR) 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 2027. BSMR was launched on Sep 25, 2019 and is managed by Invesco.