On September 19, 2023, it was reported that Atlantic Union Bankshares Corp has increased its stake in Invesco BulletShares 2024 Municipal Bond ETF (NASDAQ: BSMO) during the second quarter. According to the company’s filing with the Securities and Exchange Commission (SEC), their position in the ETF grew by 104.0%. The institutional investor now owns a total of 41,207 shares of the company’s stock, an additional 21,005 shares acquired during this quarter. At the end of the most recent quarter, Atlantic Union Bankshares Corp’s holdings in Invesco BulletShares 2024 Municipal Bond ETF were valued at approximately $1,021,000.
This move signifies Atlantic Union Bankshares Corp’s confidence and belief in the potential growth of Invesco BulletShares 2024 Municipal Bond ETF. With an increase of over 100% in their position, it is clear that they see value and promise in this particular investment.
Invesco BulletShares Municipal Bond ETFs are designed to provide investors with fixed income exposure through a defined maturity strategy. These exchange-traded funds aim to track a specific index composed of investment-grade municipal bonds. The target maturity date for Invesco BulletShares 2024 Municipal Bond ETF aligns with investors looking for specific investment horizons.
Atlantic Union Bankshares Corp’s significant increase in holdings could be attributed to various factors such as positive market performance, favorable economic conditions, or strategic portfolio diversification decisions. Institutional investors often conduct comprehensive research and analysis before making such substantial investments.
The rise in interest towards municipal bond exchange-traded funds may be influenced by their potential benefits for investors seeking tax-efficient income and relative stability compared to other types of bonds. Municipal bonds are typically issued by state or local governments to finance infrastructure projects such as schools, hospitals, or bridges. These bonds offer regular interest payments that are exempt from federal taxes and may also be exempt from state and local taxes, depending on the issuer and investor’s residency.
It is important to note that investing in any financial instrument carries risks, and potential investors should carefully consider their investment goals, risk tolerance, and consult with a professional advisor before making any investment decisions. Market conditions can change rapidly, impacting the performance of ETFs and other securities.
The filing by Atlantic Union Bankshares Corp with the SEC provides transparency regarding their holdings in Invesco BulletShares 2024 Municipal Bond ETF. This disclosure can offer insights into the company’s investment strategy and further validate its position within the financial market.
In summary, Atlantic Union Bankshares Corp’s recent increase in stake within Invesco BulletShares 2024 Municipal Bond ETF demonstrates their confidence in this specific investment opportunity. As an institutional investor, they have made a substantial addition to their holdings during the second quarter of 2023. The move highlights the attractiveness of municipal bond exchange-traded funds for investors seeking fixed income opportunities with defined maturity dates and potential tax advantages.
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Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Buy
Institutional Investors Show Interest in Invesco BulletShares 2024 Municipal Bond ETF (BSMO) with Recent Holdings Modifications
Invesco BulletShares 2024 Municipal Bond ETF (BSMO) has recently seen some modifications in its holdings by institutional investors. Stonebridge Capital Advisors LLC, Tyler Stone Wealth Management, Thrivent Financial for Lutherans, Wealthsource Partners LLC, and NorthCrest Asset Management LLC have all acquired new positions in shares of the company during different quarters.
Stonebridge Capital Advisors LLC purchased a stake worth approximately $37,000 during the first quarter. Similarly, Tyler Stone Wealth Management invested around $74,000 during the fourth quarter. It’s worth noting that Thrivent Financial for Lutherans acquired a position worth approximately $229,000 during the same quarter. In addition to this, both Wealthsource Partners LLC and NorthCrest Asset Management LLC purchased positions worth approximately $248,000 and $278,000 respectively.
The stock of Invesco BulletShares 2024 Municipal Bond ETF opened at $24.69 on Tuesday. Over the past year, it has seen a low of $24.34 and a high of $25.00. The business also maintains a 50-day moving average price of $24.73 and a 200-day moving average price of $24.73.
Before considering investing in Invesco BulletShares 2024 Municipal Bond ETF, it is essential to understand its nature and purpose. BSMO is an exchange-traded fund that primarily invests in investment-grade fixed income securities. Its portfolio tracks a market-value-weighted index consisting of investment-grade AMT-Free municipal bonds that are set to mature by the end of 2024.
Launched on September 25, 2019, BSMO is managed by Invesco. As an investment vehicle focused on municipal bonds due within a specific time frame, it offers potential benefits such as income generation and risk management for investors seeking exposure to this particular asset class.
Investors should carefully consider their investment objectives and risk tolerance before investing in any fund, including BSMO. It is important to conduct thorough research and consult with a financial advisor to determine if this ETF aligns with their investment goals and strategies.
In conclusion, the recent modifications in holdings by institutional investors indicate an interest in Invesco BulletShares 2024 Municipal Bond ETF. As always, potential investors should conduct comprehensive due diligence to ensure they are making informed decisions that align with their investment objectives and risk preferences.
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