Sterling Financial Group Inc. Has $2.21 Million Stake in Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT)

Sterling Financial Group Inc. increased its position in shares of Invesco BulletShares 2029 Municipal Bond ETF (NASDAQ:BSMT) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,991 shares of the company’s stock after purchasing an additional 5,186 shares during the quarter. Invesco BulletShares 2029 Municipal Bond ETF accounts for approximately 0.9% of Sterling Financial Group Inc.’s investment portfolio, making the stock its 14th largest position. Sterling Financial Group Inc. owned 1.67% of Invesco BulletShares 2029 Municipal Bond ETF worth $2,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in Invesco BulletShares 2029 Municipal Bond ETF in the 1st quarter valued at approximately $46,000. Comerica Bank raised its position in Invesco BulletShares 2029 Municipal Bond ETF by 278.1% during the 1st quarter. Comerica Bank now owns 4,911 shares of the company’s stock worth $114,000 after purchasing an additional 3,612 shares during the last quarter. Bill Few Associates Inc. bought a new position in shares of Invesco BulletShares 2029 Municipal Bond ETF during the second quarter worth about $201,000. Sentinel Pension Advisors Inc. bought a new stake in Invesco BulletShares 2029 Municipal Bond ETF in the first quarter valued at approximately $213,000. Finally, WealthBridge Capital Management LLC acquired a new stake in Invesco BulletShares 2029 Municipal Bond ETF during the 3rd quarter valued at approximately $244,000.

Invesco BulletShares 2029 Municipal Bond ETF Trading Down 0.2 %

Shares of BSMT traded down $0.05 during trading hours on Wednesday, hitting $23.02. 136 shares of the stock were exchanged, compared to its average volume of 33,056. Invesco BulletShares 2029 Municipal Bond ETF has a fifty-two week low of $21.80 and a fifty-two week high of $23.59. The business has a 50-day moving average of $23.22 and a 200-day moving average of $23.09.

Invesco BulletShares 2029 Municipal Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 21st will be issued a dividend of $0.055 per share. This is an increase from Invesco BulletShares 2029 Municipal Bond ETF’s previous monthly dividend of $0.05. This represents a $0.66 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, October 21st.

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.