Envestnet Asset Management Inc. Sells 13,096 Shares of Invesco BulletShares 2027 Municipal Bond ETF $BSMR

Envestnet Asset Management Inc. cut its holdings in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,764 shares of the company’s stock after selling 13,096 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.16% of Invesco BulletShares 2027 Municipal Bond ETF worth $3,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Invesco BulletShares 2027 Municipal Bond ETF by 51.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,609 shares of the company’s stock worth $273,000 after purchasing an additional 3,950 shares during the last quarter. LPL Financial LLC boosted its position in Invesco BulletShares 2027 Municipal Bond ETF by 13.6% in the 1st quarter. LPL Financial LLC now owns 338,907 shares of the company’s stock valued at $7,981,000 after buying an additional 40,529 shares during the last quarter. Farther Finance Advisors LLC bought a new position in Invesco BulletShares 2027 Municipal Bond ETF in the 2nd quarter valued at $34,000. Cetera Investment Advisers increased its stake in shares of Invesco BulletShares 2027 Municipal Bond ETF by 42.1% in the 1st quarter. Cetera Investment Advisers now owns 13,220 shares of the company’s stock valued at $311,000 after buying an additional 3,914 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Invesco BulletShares 2027 Municipal Bond ETF by 6.4% during the first quarter. HighTower Advisors LLC now owns 64,229 shares of the company’s stock worth $1,513,000 after acquiring an additional 3,853 shares during the last quarter.

Invesco BulletShares 2027 Municipal Bond ETF Stock Down 0.0%

Shares of BSMR opened at $23.67 on Friday. The stock’s fifty day simple moving average is $23.68 and its 200-day simple moving average is $23.54. Invesco BulletShares 2027 Municipal Bond ETF has a 12-month low of $22.88 and a 12-month high of $23.93.

Invesco BulletShares 2027 Municipal Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 24th. Investors of record on Monday, October 20th were paid a $0.052 dividend. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, October 20th.

Invesco BulletShares 2027 Municipal Bond ETF Company Profile

The Invesco BulletShares 2027 Municipal Bond ETF (BSMR) 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 2027. BSMR was launched on Sep 25, 2019 and is managed by Invesco.