Confluence Investment Management LLC Buys New Shares in Invesco BulletShares 2031 Municipal Bond ETF $BSMV

Confluence Investment Management LLC bought a new position in Invesco BulletShares 2031 Municipal Bond ETF (NASDAQ:BSMV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 280,194 shares of the company’s stock, valued at approximately $5,574,000. Confluence Investment Management LLC owned approximately 2.83% of Invesco BulletShares 2031 Municipal Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in BSMV. Anchor Investment Management LLC acquired a new stake in shares of Invesco BulletShares 2031 Municipal Bond ETF during the 2nd quarter worth approximately $115,000. Ascentis Independent Advisors bought a new position in Invesco BulletShares 2031 Municipal Bond ETF during the first quarter worth $140,000. Harbour Investments Inc. boosted its stake in Invesco BulletShares 2031 Municipal Bond ETF by 5.2% during the fourth quarter. Harbour Investments Inc. now owns 9,517 shares of the company’s stock worth $201,000 after acquiring an additional 472 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in Invesco BulletShares 2031 Municipal Bond ETF in the fourth quarter worth $211,000. Finally, World Investment Advisors acquired a new stake in Invesco BulletShares 2031 Municipal Bond ETF in the first quarter worth $238,000.

Invesco BulletShares 2031 Municipal Bond ETF Trading Up 0.7%

BSMV traded up $0.14 during midday trading on Thursday, hitting $20.02. The company had a trading volume of 40,845 shares, compared to its average volume of 49,134. The stock’s 50 day moving average price is $20.56 and its 200 day moving average price is $20.83. Invesco BulletShares 2031 Municipal Bond ETF has a 52 week low of $19.67 and a 52 week high of $21.53.

Invesco BulletShares 2031 Municipal Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a $0.0508 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2031 Municipal Bond ETF’s previous monthly dividend of $0.0548.

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.