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The Invesco BulletShares 2026 Municipal Bond ETF is an exchange-traded fund engineered to mirror the performance of the Invesco BulletShares USD Municipal Bond 2026 Index. This fund allocates a minimum of 80% of its total capital to municipal bonds included in this benchmark index. The index itself endeavors to measure the returns of a collection of US dollar-denominated debt instruments issued by various state, state agency, or local governments within the United States, all possessing effective maturity dates in 2026. Rather than holding every security from the index, the fund adopts a…
Is BSMQ's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Thrivent Financial for Lutherans lowered its holdings in shares of Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ: BSMQ) by 79.8% in the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 13,619 shares of the company's stock after selling 53,923 shares during the period. Thrivent Financial for Lutherans
Signaturefd LLC raised its position in shares of Invesco BulletShares 2026 Municipal Bond ETF (NASDAQ: BSMQ) by 61.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,074 shares of the company's stock after purchasing an additional 25,423 shares during the period.
Municipal bonds are back to offer compelling risk-adjusted opportunities, but future decisions from Washington can either act as a tailwind or headwind. Municipal bond funds saw net inflows during 2024, first annual inflow since 2021—which was a record year. 2024 was a record year in municipal bond issuance. With attractive yields, the market may start to pay more attention to tax-equivalent yield advantages offered through municipal debt.
Specific to the muni market, perhaps the biggest surprise this year has been new issue supply that is running well ahead of expectations, up roughly 40% from last year. We think this increased summer issuance is likely the result of deals getting pulled forward, as issuers may be cautious about coming to market later in the fall ahead of what is likely to be an uncertain U.S. political climate. While municipal credit quality has already peaked, it is entering this period of moderating economic growth from a position of strength.
Active fixed-income ETFs allow portfolio managers to stay nimble and avoid sectors and parts of the credit spectrum that might encounter increased stress. There are now a growing number of dividend ETFs that are focused on yield and offer responsiveness to evolving sector dynamics of the broader market.