Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Strong Trading Volume – What’s Next?

Shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT – Get Free Report) saw unusually-high trading volume on Tuesday. 3,489,711 shares traded hands during mid-day trading, an increase of 415% from the previous session’s volume of 677,608 shares. The stock last traded at $18.2650 and had previously closed at $18.23.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

The company’s fifty day moving average is $18.43 and its 200-day moving average is $18.55.

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Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were given a dividend of $0.0688 per share. This represents a $0.83 dividend on an annualized basis and a yield of 4.5%. This is a drop from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Monday, September 21st.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSCT. Aptus Capital Advisors LLC grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 5.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,667,652 shares of the company’s stock valued at $69,080,000 after buying an additional 180,123 shares during the period. Bank of America Corp DE grew its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 32.0% during the 1st quarter. Bank of America Corp DE now owns 3,487,306 shares of the company’s stock valued at $65,073,000 after acquiring an additional 845,134 shares during the period. Royal Bank of Canada increased its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 13.4% in the 1st quarter. Royal Bank of Canada now owns 2,445,163 shares of the company’s stock worth $45,627,000 after purchasing an additional 289,430 shares in the last quarter. Manchester Financial Inc. increased its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 1.5% in the 4th quarter. Manchester Financial Inc. now owns 2,246,389 shares of the company’s stock worth $42,311,000 after acquiring an additional 32,393 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 7.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,274,983 shares of the company’s stock worth $42,258,000 after acquiring an additional 147,973 shares during the period.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

(Get Free Report)

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate investment-grade bonds with effective maturities in 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.

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