Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Unusually-High Trading Volume – Here’s Why

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) shares saw strong trading volume on Tuesday. Approximately 3,489,711 shares were traded during 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 Trading Up 0.1%

The company has a fifty day simple moving average of $18.42 and a two-hundred day simple moving average of $18.54.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a dividend of $0.0688 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.5%. 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC lifted its position in Invesco BulletShares 2029 Corporate Bond ETF by 5.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,667,652 shares of the company’s stock worth $69,080,000 after buying an additional 180,123 shares in the last quarter. Bank of America Corp DE increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 32.0% in 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 in the last quarter. Royal Bank of Canada increased its position in 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 valued at $45,627,000 after acquiring an additional 289,430 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 7.0% in the second 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 last quarter. Finally, Manchester Financial Inc. raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 1.5% in the fourth 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 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.