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

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw unusually-high trading volume on Thursday . Approximately 2,097,488 shares changed hands during mid-day trading, an increase of 179% from the previous session’s volume of 752,509 shares.The stock last traded at $18.55 and had previously closed at $18.55.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

The company’s 50 day moving average is $18.67 and its 200-day moving average is $18.78.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 18th will be paid a dividend of $0.0717 per share. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, May 18th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF in the fourth quarter valued at about $32,000. AlphaCore Capital LLC purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the 4th quarter worth approximately $34,000. Rockefeller Capital Management L.P. raised its position 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 in the last quarter. Topsail Wealth Management LLC boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 60.0% during the 1st 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 last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 21.5% during the 4th quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $59,000 after buying an additional 551 shares during the last quarter.

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.