Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw an uptick in 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 Stock Up 0.1%

The business has a 50 day moving average of $18.43 and a 200 day moving average of $18.55.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

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

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

Several large investors have recently bought and sold shares of BSCT. Rockefeller Capital Management L.P. lifted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 41.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock valued at $44,000 after purchasing an additional 681 shares during the period. Topsail Wealth Management LLC lifted its position in Invesco BulletShares 2029 Corporate Bond ETF by 60.0% during the first quarter. Topsail Wealth Management LLC now owns 2,400 shares of the company’s stock valued at $45,000 after buying an additional 900 shares during the period. Eastern Bank bought a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 3rd quarter valued at $61,000. Advisortrust Partners LLC purchased a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 1st quarter worth about $74,000. Finally, Van Hulzen Asset Management LLC bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 2nd quarter worth about $187,000.

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.