Confluence Investment Management Adjusts Stake in Invesco BulletShares 2028 Municipal Bond ETF

On January 3rd, 2025, it was reported that Confluence Investment Management LLC reduced its holdings in the Invesco BulletShares 2028 Municipal Bond ETF (NASDAQ:BSMS) by 0.8% in the fourth quarter. This change was disclosed in the firm’s latest filing with the Securities and Exchange Commission (SEC). Following the sale of 2,078 shares during this period, the firm now owns 267,630 shares of the ETF, representing approximately 4.96% ownership valued at around $6,244,000.

In addition to Confluence Investment Management, other institutional investors have also made adjustments to their positions in BSMS. For instance, Sanctuary Advisors LLC established a new stake in the ETF during the third quarter with an investment of about $379,000. In the same quarter, Stifel Financial Corp significantly increased its position by 385.0%, purchasing an additional 44,278 shares, bringing its total to 55,780 shares valued at $1,315,000. Similarly, NewEdge Advisors LLC raised its stake by 6.9% in the second quarter, acquiring an additional 7,645 shares, resulting in a total holding of 117,647 shares worth $2,733,000.

Hobbs Group Advisors LLC also enhanced its holdings in the ETF by 7.9% during the third quarter, increasing its possession to 34,980 shares valued at $825,000 after buying 2,574 additional shares. Captrust Financial Advisors was another firm that boosted its stake by 12.4% in the same quarter, now owning 11,566 shares worth $273,000.

Invesco BulletShares 2028 Municipal Bond ETF Market Activity

The Invesco BulletShares 2028 Municipal Bond ETF opened at $23.35 on Friday. The ETF has experienced fluctuations, hitting a one-year low of $23.05 and a one-year high of $23.81. Currently, it holds a fifty-day moving average of $23.42 along with a 200-day moving average of $23.42.

Recent Dividend Announcement

In a recent update regarding dividends, Invesco BulletShares 2028 Municipal Bond ETF announced a payment on December 27th. Shareholders who were on record as of December 23rd received a dividend payment of $0.0516. The ex-dividend date for this distribution was also noted to be December 23rd.

Overview of Invesco BulletShares 2028 Municipal Bond ETF

The Invesco BulletShares 2028 Municipal Bond ETF (BSMS) is an exchange-traded fund which focuses primarily on investment-grade fixed income securities. The ETF tracks a market-value-weighted index composed of AMT-Free municipal bonds that are set to mature by the end of 2028. Launched on September 25, 2019, the fund is managed by Invesco.

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