Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Large Volume Increase – Should You Buy?

Shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw strong trading volume on Friday . 1,798,323 shares changed hands during trading, an increase of 245% from the previous session’s volume of 521,801 shares.The stock last traded at $18.8660 and had previously closed at $18.89.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

The stock’s 50-day moving average price is $18.84 and its 200-day moving average price is $18.77.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 24th were paid a $0.0695 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, November 24th.

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the stock. VestGen Advisors LLC boosted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 16.8% in the 2nd quarter. VestGen Advisors LLC now owns 261,888 shares of the company’s stock valued at $4,918,000 after purchasing an additional 37,584 shares during the period. Baird Financial Group Inc. raised its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 6.8% during the 2nd quarter. Baird Financial Group Inc. now owns 804,685 shares of the company’s stock worth $15,048,000 after buying an additional 51,316 shares during the period. Royal Bank of Canada lifted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 11.1% during the first quarter. Royal Bank of Canada now owns 1,632,719 shares of the company’s stock valued at $30,254,000 after buying an additional 162,618 shares in the last quarter. Central Valley Advisors LLC boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 6.1% in the second quarter. Central Valley Advisors LLC now owns 505,652 shares of the company’s stock worth $9,456,000 after buying an additional 29,256 shares during the period. Finally, Angeles Wealth Management LLC acquired a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF in the second quarter worth about $39,000.

About Invesco BulletShares 2029 Corporate Bond ETF

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.