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 strong trading volume on Tuesday . Approximately 2,329,830 shares traded hands during mid-day trading, an increase of 253% from the previous session’s volume of 660,696 shares.The stock last traded at $18.47 and had previously closed at $18.48.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

The company has a 50-day moving average price of $18.53 and a two-hundred day moving average price of $18.63.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a $0.0702 dividend. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, August 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 14.3% in the fourth quarter. Morgan Stanley now owns 8,288,748 shares of the company’s stock valued at $156,119,000 after acquiring an additional 1,036,113 shares during the period. Lido Advisors LLC grew its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 5.0% during the 4th quarter. Lido Advisors LLC now owns 6,386,183 shares of the company’s stock valued at $120,139,000 after purchasing an additional 302,120 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,154,081 shares of the company’s stock valued at $115,912,000 after purchasing an additional 920,814 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 6.4% during the 3rd quarter. Raymond James Financial Inc. now owns 4,684,687 shares of the company’s stock valued at $88,119,000 after purchasing an additional 281,202 shares during the last quarter. Finally, LPL Financial LLC raised its position in Invesco BulletShares 2029 Corporate Bond ETF by 16.0% in the 4th quarter. LPL Financial LLC now owns 4,348,671 shares of the company’s stock worth $81,907,000 after purchasing an additional 600,085 shares during the period.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

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.