Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) Stock Price Up 0.1% – Should You Buy?

Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ:BSMO) shares rose 0.1% during trading on Friday . The stock traded as high as $24.89 and last traded at $24.88. Approximately 97,500 shares changed hands during mid-day trading, an increase of 147% from the average daily volume of 39,493 shares. The stock had previously closed at $24.86.

Invesco BulletShares 2024 Municipal Bond ETF Price Performance

The business has a 50-day moving average of $24.85 and a 200-day moving average of $24.84.

Invesco BulletShares 2024 Municipal Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 13th were paid a dividend of $0.0069 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BSMO. NewEdge Advisors LLC lifted its holdings in shares of Invesco BulletShares 2024 Municipal Bond ETF by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 120,591 shares of the company’s stock valued at $2,993,000 after buying an additional 4,492 shares during the period. Asset Dedication LLC grew its position in Invesco BulletShares 2024 Municipal Bond ETF by 0.5% during the third quarter. Asset Dedication LLC now owns 104,117 shares of the company’s stock valued at $2,584,000 after buying an additional 553 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco BulletShares 2024 Municipal Bond ETF by 12.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 92,715 shares of the company’s stock valued at $2,301,000 after acquiring an additional 10,497 shares during the period. Focus Financial Network Inc. raised its holdings in Invesco BulletShares 2024 Municipal Bond ETF by 7.0% in the 3rd quarter. Focus Financial Network Inc. now owns 79,907 shares of the company’s stock worth $1,983,000 after purchasing an additional 5,242 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Invesco BulletShares 2024 Municipal Bond ETF by 10.0% in the third quarter. PNC Financial Services Group Inc. now owns 73,453 shares of the company’s stock valued at $1,823,000 after buying an additional 6,671 shares in the last quarter.

About Invesco BulletShares 2024 Municipal Bond ETF

The Invesco BulletShares 2024 Municipal Bond ETF (BSMO) 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 2024. BSMO was launched on Sep 25, 2019 and is managed by Invesco.