Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) Trading Up 0.3% – Still a Buy?

Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ:BSMQ) shares rose 0.3% during trading on Thursday . The company traded as high as $23.67 and last traded at $23.67. Approximately 222,634 shares changed hands during mid-day trading, an increase of 292% from the average daily volume of 56,822 shares. The stock had previously closed at $23.61.

Invesco BulletShares 2026 Municipal Bond ETF Price Performance

The company has a 50 day moving average price of $23.62 and a 200 day moving average price of $23.58.

Invesco BulletShares 2026 Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 24th were given a $0.0512 dividend. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, November 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farmers National Bank increased its holdings in shares of Invesco BulletShares 2026 Municipal Bond ETF by 2.1% in the third quarter. Farmers National Bank now owns 64,423 shares of the company’s stock worth $1,522,000 after acquiring an additional 1,295 shares in the last quarter. IFP Advisors Inc grew its position in shares of Invesco BulletShares 2026 Municipal Bond ETF by 221.4% in the 3rd quarter. IFP Advisors Inc now owns 3,629 shares of the company’s stock valued at $86,000 after purchasing an additional 2,500 shares during the period. Asset Dedication LLC increased its stake in Invesco BulletShares 2026 Municipal Bond ETF by 12.5% during the 3rd quarter. Asset Dedication LLC now owns 147,998 shares of the company’s stock worth $3,496,000 after purchasing an additional 16,417 shares in the last quarter. Advisory Services Network LLC raised its holdings in Invesco BulletShares 2026 Municipal Bond ETF by 5.5% during the 3rd quarter. Advisory Services Network LLC now owns 10,979 shares of the company’s stock worth $259,000 after buying an additional 569 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Invesco BulletShares 2026 Municipal Bond ETF by 4.7% during the 3rd quarter. NewEdge Advisors LLC now owns 168,226 shares of the company’s stock worth $3,974,000 after buying an additional 7,483 shares during the period.

Invesco BulletShares 2026 Municipal Bond ETF Company Profile

The Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) 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 2026. BSMQ was launched on Sep 25, 2019 and is managed by Invesco.