Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) Plans $0.04 Monthly Dividend

Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) declared a monthly dividend on Monday, November 20th, NASDAQ reports. Shareholders of record on Tuesday, November 21st will be paid a dividend of 0.0435 per share on Friday, November 24th. This represents a $0.52 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, November 20th.

Invesco BulletShares 2031 Municipal Bond ETF Trading Up 0.1 %

NASDAQ:BSMV traded up $0.02 during midday trading on Monday, reaching $20.67. 5,945 shares of the stock traded hands, compared to its average volume of 12,368. Invesco BulletShares 2031 Municipal Bond ETF has a 12-month low of $19.68 and a 12-month high of $21.74. The business has a 50-day moving average of $20.15 and a two-hundred day moving average of $20.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. grew its position in Invesco BulletShares 2031 Municipal Bond ETF by 11.5% during the third quarter. Invesco Ltd. now owns 70,407 shares of the company’s stock valued at $1,409,000 after buying an additional 7,267 shares during the period. Envestnet Asset Management Inc. purchased a new position in Invesco BulletShares 2031 Municipal Bond ETF during the third quarter worth about $239,000. Wells Fargo & Company MN raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 363.1% in the 2nd quarter. Wells Fargo & Company MN now owns 96,940 shares of the company’s stock valued at $2,050,000 after acquiring an additional 76,006 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF in the 2nd quarter valued at approximately $285,000. Finally, Bank of America Corp DE raised its stake in shares of Invesco BulletShares 2031 Municipal Bond ETF by 7.2% in the 1st quarter. Bank of America Corp DE now owns 38,156 shares of the company’s stock valued at $817,000 after acquiring an additional 2,557 shares during the period.

About Invesco BulletShares 2031 Municipal Bond ETF

The Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 2031. BSMV was launched on Sep 15, 2021 and is managed by Invesco.