Precedent Wealth Partners LLC Increases Stake in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT)

Precedent Wealth Partners LLC grew its stake in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 19.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,220 shares of the company’s stock after purchasing an additional 11,643 shares during the period. Precedent Wealth Partners LLC’s holdings in Invesco BulletShares 2029 Municipal Bond ETF were worth $1,634,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BSMT. Hobbs Group Advisors LLC purchased a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF in the 2nd quarter valued at about $702,000. Commonwealth Equity Services LLC raised its stake in shares of Invesco BulletShares 2029 Municipal Bond ETF by 82.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 61,568 shares of the company’s stock worth $1,411,000 after buying an additional 27,785 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco BulletShares 2029 Municipal Bond ETF by 350.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 35,524 shares of the company’s stock valued at $814,000 after buying an additional 27,637 shares in the last quarter. MONECO Advisors LLC acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the 2nd quarter valued at $631,000. Finally, Silverlake Wealth Management LLC purchased a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter worth $258,000.

Invesco BulletShares 2029 Municipal Bond ETF Price Performance

BSMT opened at $23.21 on Friday. The firm’s fifty day simple moving average is $23.22 and its two-hundred day simple moving average is $23.09. Invesco BulletShares 2029 Municipal Bond ETF has a 52-week low of $21.80 and a 52-week high of $23.59.

Invesco BulletShares 2029 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, September 23rd.

About Invesco BulletShares 2029 Municipal Bond ETF

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.