Invesco BulletShares 2029 Municipal Bond ETF (BSMT)
Invesco BulletShares 2029 Municipal Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $22.26, down 0.22% on the session, giving a market capitalisation of $271.5M. Its beta of 0.78 implies it has historically moved less than the broad market.
This exchange-traded fund, the Invesco BulletShares 2029 Municipal Bond ETF (BSMT), is designed to mirror the performance of the Invesco BulletShares USD Municipal Bond 2029 Index. The Fund allocates at least 80% of its total investments to the municipal debt instruments that constitute its underlying benchmark. The index itself aims to reflect the returns of a basket of US dollar-denominated municipal securities, originated by US state, state agencies, or local governmental bodies, all maturing effectively in the year 2029. Rather than purchasing every security in the index, BSMT employs a 'sampling' approach to pursue its investment objective. Both the Fund's holdings and the Index's composition undergo rebalancing on a monthly basis. With a predetermined maturity year of 2029, the Fund is slated to cease operations on approximately December 15, 2029. For comprehensive information, please refer to the official prospectus.
Invesco BulletShares 2029 Municipal Bond ETF is most often compared with the following Financial Services names: