Northwestern Mutual Wealth Management Co. Has $219,000 Stock Holdings in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU)

Northwestern Mutual Wealth Management Co. raised its position in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) by 25.6% in the 2nd quarter, Holdings Channel reports. The firm owned 10,042 shares of the company’s stock after buying an additional 2,047 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco BulletShares 2030 Municipal Bond ETF were worth $219,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the 1st quarter valued at $46,000. Horizons Wealth Management grew its holdings in shares of Invesco BulletShares 2030 Municipal Bond ETF by 23.4% during the second quarter. Horizons Wealth Management now owns 6,595 shares of the company’s stock worth $145,000 after buying an additional 1,250 shares in the last quarter. Bill Few Associates Inc. acquired a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the 2nd quarter valued at approximately $201,000. Astoria Portfolio Advisors LLC. bought a new stake in Invesco BulletShares 2030 Municipal Bond ETF in the 2nd quarter valued at approximately $212,000. Finally, Confluence Investment Management LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the 1st quarter worth approximately $311,000.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

Shares of BSMU stock opened at $22.07 on Friday. Invesco BulletShares 2030 Municipal Bond ETF has a 12 month low of $20.57 and a 12 month high of $22.80. The company’s fifty day simple moving average is $22.08 and its 200-day simple moving average is $21.94.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 2.83%. The ex-dividend date was Monday, September 23rd. This is a positive change from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05.

About Invesco BulletShares 2030 Municipal Bond ETF

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.