Confluence Investment Management LLC Sells 11,126 Shares of Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU)

Confluence Investment Management LLC decreased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,992 shares of the company’s stock after selling 11,126 shares during the period. Confluence Investment Management LLC owned 4.70% of Invesco BulletShares 2030 Municipal Bond ETF worth $5,517,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the third quarter worth approximately $368,000. MML Investors Services LLC raised its position in Invesco BulletShares 2030 Municipal Bond ETF by 8.9% in the 3rd quarter. MML Investors Services LLC now owns 13,862 shares of the company’s stock worth $307,000 after purchasing an additional 1,128 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% during the 3rd quarter. D.A. Davidson & CO. now owns 10,350 shares of the company’s stock worth $229,000 after buying an additional 650 shares in the last quarter. Hobbs Group Advisors LLC boosted its position in Invesco BulletShares 2030 Municipal Bond ETF by 13.4% in the 3rd quarter. Hobbs Group Advisors LLC now owns 17,059 shares of the company’s stock valued at $378,000 after buying an additional 2,018 shares during the last quarter. Finally, Asset Dedication LLC increased its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 10.0% in the 2nd quarter. Asset Dedication LLC now owns 25,027 shares of the company’s stock valued at $545,000 after buying an additional 2,267 shares during the period.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

BSMU stock opened at $21.77 on Friday. The business has a fifty day moving average of $21.90 and a 200-day moving average of $21.96. Invesco BulletShares 2030 Municipal Bond ETF has a twelve month low of $21.51 and a twelve month high of $22.80.

Invesco BulletShares 2030 Municipal Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0517 dividend. The ex-dividend date was Monday, December 23rd.

Invesco BulletShares 2030 Municipal Bond ETF Profile

The Invesco BulletShares 2030 Municipal Bond ETF (BSMU) 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 2030. BSMU was launched on Sep 16, 2020 and is managed by Invesco.