Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Strong Trading Volume – Time to Buy?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) shares saw an uptick in trading volume on Friday. Approximately 433,551 shares traded hands during mid-day trading, an increase of 207% from the previous session’s volume of 141,288 shares. The stock last traded at $19.5350 and had previously closed at $19.57.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The business has a 50-day moving average price of $20.15 and a two-hundred day moving average price of $20.49.

Invesco BulletShares 2034 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 paid a $0.0809 dividend. This represents a $0.97 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, September 21st. This is a drop from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0920.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth $36,534,000. Cookson Peirce & Co. Inc. increased its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 3.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 504,697 shares of the company’s stock valued at $10,609,000 after acquiring an additional 18,552 shares during the last quarter. Clark Asset Management LLC raised its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 25.3% during the 2nd quarter. Clark Asset Management LLC now owns 404,980 shares of the company’s stock worth $8,369,000 after acquiring an additional 81,885 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth approximately $5,362,000. Finally, Bank of America Corp DE increased its stake in Invesco BulletShares 2034 Corporate Bond ETF by 53.3% in the first quarter. Bank of America Corp DE now owns 230,755 shares of the company’s stock valued at $4,776,000 after purchasing an additional 80,182 shares during the last quarter.

About Invesco BulletShares 2034 Corporate Bond ETF

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.