Confluence Investment Management LLC Lowers Stake in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT)

Confluence Investment Management LLC trimmed its holdings in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 5.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 110,451 shares of the company’s stock after selling 6,207 shares during the period. Confluence Investment Management LLC owned 1.94% of Invesco BulletShares 2029 Municipal Bond ETF worth $2,534,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Aptus Capital Advisors LLC raised its stake in Invesco BulletShares 2029 Municipal Bond ETF by 97.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 8,722 shares of the company’s stock valued at $203,000 after acquiring an additional 4,300 shares during the last quarter. WealthBridge Capital Management LLC acquired a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the third quarter valued at approximately $244,000. MML Investors Services LLC raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 8.8% during the third quarter. MML Investors Services LLC now owns 13,081 shares of the company’s stock worth $304,000 after purchasing an additional 1,062 shares during the last quarter. Silverlake Wealth Management LLC lifted its holdings in shares of Invesco BulletShares 2029 Municipal Bond ETF by 19.5% during the third quarter. Silverlake Wealth Management LLC now owns 13,255 shares of the company’s stock worth $308,000 after purchasing an additional 2,160 shares during the period. Finally, Meridian Wealth Management LLC grew its position in Invesco BulletShares 2029 Municipal Bond ETF by 38.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 16,339 shares of the company’s stock valued at $380,000 after buying an additional 4,518 shares during the last quarter.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

Shares of BSMT opened at $22.98 on Friday. Invesco BulletShares 2029 Municipal Bond ETF has a 1 year low of $22.70 and a 1 year high of $23.59. The company’s fifty day moving average is $23.08 and its two-hundred day moving average is $23.13.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.0522 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco BulletShares 2029 Municipal Bond ETF 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.