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BSMT
Invesco BulletShares 2029 Municipal Bond ETF

Price: $26.42
Change: $0.02 (0.0%)
Category: National Munis
Last Updated:

Vitals

Investment Themes

Analyst Report

The Invesco BulletShares 2029 Municipal Bond ETF tracks an index of U.S. municipal debt that matures in the indicated year. Municipal bonds are a popular segment because they are generally exempt from exempt from federal taxes. This makes munis especially appealing to investors in high tax brackets. BulletShares are different than traditional bond ETFs because once the scheduled maturity date is reached, the funds distribute the principal back to investors. Traditional bond ETFs continuously buy and sell their underlying bonds to maintain their target maturity. For this reason, BulletShares behave more like a traditional bond than like a bond fund. This appeals to investors who want to lock in a fixed coupon while still gaining the diversification that an ETF portfolio provides. BulletShares aims to invest fixed-rate, investment-grade municipal securities whose distributions are exempt from federal taxes including the alternative minimum tax. Municipal bonds are issued by state and local governments and agencies to pay for everything from road projects to school buildings. They are typically considered a relatively safe investment since the issuer can impose taxes to repay the debt, though defaults are not unheard of. As the maturity date nears, BulletShares ETFs roll the proceeds of their maturing bonds into other securities including cash, cash equivalents, fixed-income ETFs, derivatives and options. Investors should note that some fund distributions may be subject to federal income tax, capital gains or the AMT. As the fund’s portfolio matures in the final year, its yields may decline. Investors who prefer to maintain their exposure to munis can sell their maturing ETF and buy a later-dated BulletShares muni fund. One popular strategy is “laddering” BulletShares across a range of maturity dates, which locks in fixed coupon payments and plans ahead for cash distributions at maturity. This makes them attractive to those who want the guaranteed income combined with the ease and diversification benefits an ETF can provide. For most investors, it’s far easier and cheaper to buy a BulletShares ETF than it is for them to source one or two underlying bonds. BulletShares ETFs debuted in 2010 under the Claymore brand and eventually moved to Invesco when the company acquired Guggenheim’s ETF business in 2018. For investors hoping to build a broad portfolio of tax-exempt municipal securities, BulletShares provide income and diversification for a competitive fee.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $25.00
  • 52 Week Hi $26.54
  • AUM $13.2 M
  • Shares 0.5 M

Historical Trading Data

  • 1 Month Avg. Volume 2,924
  • 3 Month Avg. Volume 3,728

Alternative ETFs in the National Munis Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VTEB 0.06% $13.7 B 1 M 1.48%
Largest (AUM) MUB 0.07% $23.3 B 1 M 1.46%
Most Liquid (Volume) VTEB 0.06% $13.7 B 1 M 1.48%
Top YTD Performer RTAI 1.91% $12.9 M 2,860 11.35%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

151
Number of Holdings
16.62%
% Assets in Top 10
22.43%
% Assets in Top 15
56.52%
% Assets in Top 50
Number of Holdings
151

% Assets in Top 10
16.62%

% Assets in Top 15
22.43%

% Assets in Top 50
56.52%

BSMT Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

BSMT Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.03
Dividend Date
2021-07-19
Annual Dividend Rate
$0.40

$0.03
Dividend
2021-07-19
Dividend Date
$0.40
Annual Dividend Rate
Annual Dividend Yield
1.50%

BSMT Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 2.59 M 6 Month Net Flows: 2.59 M 1 Year Net Flows: 7.81 M 3 Year Net Flows: 7.81 M 5 Year Net Flows: 7.81 M 10 Year Net Flows: 7.81 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for BSMT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the National Munis with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

BSMT Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.543%
ETF Wtd. Average
0.19%
Category Average
0.29%
Expense Ratio
0.18%
ESG Themes and Scores

BSMT does not have an ESG score. There are no ESG themes that map to this ETF.

BSMT Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-0.02%
1 Week Return
0.44%
4 Week Return
1.87%
13 Week Return
1.22%
26 Week Return
1.89%
Year to Date Return
2.92%
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
1 Week Return
-0.02%

4 Week Return
0.44%

13 Week Return
1.87%

26 Week Return
1.22%

Year to Date Return
1.89%

1 Year Return
2.92%

3 Year Return
No Ranking Available
Rank
N/A

5 Year Return
No Ranking Available
Rank
N/A

BSMT Price and Volume Chart

Sector Breakdown

Asset Percentage
Municipal 99.57%
CASH 0.38%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Municipal 99.57%
CASH 0.38%

BSMT Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
5.71%
Rank
40 of 50

20 Day Volatility
1.91%
Rank
13 of 50

50 Day Volatility
2.36%
Rank
8 of 50

200 Day Volatility
3.52%
Rank
4 of 50

Beta
0.12
Rank
10 of 50

Standard Deviation
0.56%
Rank
14 of 47

Technicals

  • 20 Day MA $26.39
  • 60 Day MA $26.16
  • MACD 15 Period n/a
  • MACD 100 Period 0.45
  • Williams % Range 10 Day 53.24
  • Williams % Range 20 Day 40.41
  • RSI 10 Day 60
  • RSI 20 Day 63
  • RSI 30 Day 62
  • Ultimate Oscillator 51

Bollinger Brands

  • Lower Bollinger (10 Day) $26.39
  • Upper Bollinger (10 Day) $26.45
  • Lower Bollinger (20 Day) $26.29
  • Upper Bollinger (20 Day) $26.49
  • Lower Bollinger (30 Day) $26.10
  • Upper Bollinger (30 Day) $26.55

Support & Resistance

  • Support Level 1 $26.38
  • Support Level 2 $26.35
  • Resistance Level 1 $26.43
  • Resistance Level 2 $26.45

Stochastic

  • Stochastic Oscillator %D (1 Day) 57.78
  • Stochastic Oscillator %D (5 Day) 46.77
  • Stochastic Oscillator %K (1 Day) 49.75
  • Stochastic Oscillator %K (5 Day) 41.32

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

A fact sheet is not available for this ETF. Please visit the BSMT ETF home page for more information.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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