CGN Advisors LLC Decreases Stock Position in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR)

CGN Advisors LLC reduced its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,679 shares of the company’s stock after selling 7,729 shares during the quarter. CGN Advisors LLC owned about 0.95% of Invesco BulletShares 2027 Municipal Bond ETF worth $1,425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BSMR. Tlwm raised its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 3.9% during the first quarter. Tlwm now owns 21,840 shares of the company’s stock valued at $517,000 after acquiring an additional 813 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of Invesco BulletShares 2027 Municipal Bond ETF by 49.9% during the 1st quarter. Webster Bank N. A. now owns 2,525 shares of the company’s stock valued at $60,000 after acquiring an additional 840 shares during the last quarter. Foundry Financial Group Inc. grew its position in Invesco BulletShares 2027 Municipal Bond ETF by 12.6% in the 1st quarter. Foundry Financial Group Inc. now owns 10,544 shares of the company’s stock worth $249,000 after purchasing an additional 1,184 shares during the period. Paulson Wealth Management Inc. lifted its holdings in Invesco BulletShares 2027 Municipal Bond ETF by 9.3% in the fourth quarter. Paulson Wealth Management Inc. now owns 25,925 shares of the company’s stock valued at $620,000 after acquiring an additional 2,209 shares during the period. Finally, First Command Advisory Services Inc. bought a new stake in Invesco BulletShares 2027 Municipal Bond ETF during the first quarter valued at approximately $70,000.

Invesco BulletShares 2027 Municipal Bond ETF Stock Performance

NASDAQ:BSMR traded down $0.01 during mid-day trading on Thursday, hitting $23.68. 25,092 shares of the company traded hands, compared to its average volume of 37,658. Invesco BulletShares 2027 Municipal Bond ETF has a one year low of $22.63 and a one year high of $23.92. The stock’s fifty day moving average price is $23.56 and its 200-day moving average price is $23.60.

Invesco BulletShares 2027 Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were issued a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a dividend yield of 2.74%. This is a boost from Invesco BulletShares 2027 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 22nd.

Invesco BulletShares 2027 Municipal Bond ETF 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.