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

Shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw unusually-high trading volume on Thursday . Approximately 2,097,488 shares traded 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 Price Performance

The company has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $18.78.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were issued 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) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, May 18th.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BSCT. Tlwm raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 6,742.1% during the fourth quarter. Tlwm now owns 1,464,068 shares of the company’s stock valued at $27,576,000 after acquiring an additional 1,442,670 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3,204.2% during the first quarter. Anchor Investment Management LLC now owns 1,139,118 shares of the company’s stock valued at $21,256,000 after acquiring an additional 1,104,643 shares in the last quarter. Morgan Stanley raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 14.3% during 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 in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,154,081 shares of the company’s stock valued at $115,912,000 after acquiring an additional 920,814 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3,855.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 878,491 shares of the company’s stock valued at $16,546,000 after acquiring an additional 856,284 shares in 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.