Confluence Investment Management LLC Reduces Stake in Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS)

Confluence Investment Management LLC has made adjustments to its holdings in the Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS), reducing its position by 0.8% during the fourth quarter. According to the latest filing with the SEC, the firm now holds 267,630 shares after selling off 2,078 shares in this period. This reduction brings Confluence Investment Management LLC’s ownership in the ETF to approximately 4.96%, which was valued at around $6,244,000 at the end of the most recent reporting period.

In addition to Confluence, several other large investors have made changes to their positions in the Invesco BulletShares 2028 Municipal Bond ETF. Sanctuary Advisors LLC entered the market by purchasing a new position worth about $379,000 in the third quarter. Furthermore, Stifel Financial Corp significantly increased its stake by 385.0% during the same quarter, acquiring an additional 44,278 shares and bringing its total ownership to 55,780 shares valued at $1,315,000. NewEdge Advisors LLC also increased its holdings in the ETF by 6.9%, acquiring 7,645 additional shares during the second quarter, totaling 117,647 shares valued at $2,733,000.

Additionally, Hobbs Group Advisors LLC boosted its investment by 7.9% in the third quarter, now owning 34,980 shares worth $825,000 after acquiring 2,574 shares. Captrust Financial Advisors likewise raised their stake by 12.4%, ending up with 11,566 shares valued at $273,000 after adding 1,280 shares during the quarter.

Current Stock Performance of Invesco BulletShares 2028 Municipal Bond ETF

As of the latest market performance, the NASDAQ BSMS opened at $23.35. The Invesco BulletShares 2028 Municipal Bond ETF has shown a one-year low of $23.05 and a high of $23.81. The fifty-day moving average stands at $23.42, which is consistent with the 200-day moving average also at $23.42.

Dividend Announcement for Invesco BulletShares 2028 Municipal Bond ETF

Recently, the Invesco BulletShares 2028 Municipal Bond ETF announced a dividend, which was disbursed on Friday, December 27th. Stockholders on record as of Monday, December 23rd were paid a dividend of $0.0516, and this payment followed an ex-dividend date of December 23rd.

Understanding Invesco BulletShares 2028 Municipal Bond ETF

The Invesco BulletShares 2028 Municipal Bond ETF (BSMS) is an exchange-traded fund primarily focused on investment-grade fixed income securities. It tracks an index that is market-value-weighted, consisting mainly of AMT-Free municipal bonds that are set to mature by the end of 2028. The ETF was launched on September 25, 2019, and is managed by Invesco.

Conclusion

Investors interested in municipal bonds may take note of the recent adjustments by major shareholders of the Invesco BulletShares 2028 Municipal Bond ETF (BSMS). The changes in positions among different investment firms could indicate varying confidence levels in the performance of this ETF moving forward. Monitoring these trends can provide valuable insights for future investment decisions.

ETF, Bonds, Investment