Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Sees Unusually-High Trading Volume – Time to Buy?

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) saw an uptick in trading volume on Friday. Approximately 1,292,899 shares traded hands during mid-day trading, an increase of 429% from the average daily volume of 244,543 shares. The stock last traded at $20.44 and had previously closed at $20.45.

Invesco BulletShares 2033 Corporate Bond ETF Stock Up 0.1%

The stock’s 50 day moving average price is $20.31 and its two-hundred day moving average price is $20.94.

Invesco BulletShares 2033 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a $0.0839 dividend. The ex-dividend date of this dividend was Monday, October 19th. This is a negative change from Invesco BulletShares 2033 Corporate Bond ETF’s previous monthly dividend of $0.0848. This represents a $1.01 annualized dividend and a yield of 4.9%.

Institutional Investors Weigh In On Invesco BulletShares 2033 Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC purchased a new position in Invesco BulletShares 2033 Corporate Bond ETF in the third quarter valued at $4,018,000. BCS Wealth Management boosted its stake in shares of Invesco BulletShares 2033 Corporate Bond ETF by 1.7% during the 3rd quarter. BCS Wealth Management now owns 456,982 shares of the company’s stock worth $9,139,000 after acquiring an additional 7,770 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of Invesco BulletShares 2033 Corporate Bond ETF in the third quarter valued at approximately $5,955,000. Kestra Advisory Services LLC lifted its position in shares of Invesco BulletShares 2033 Corporate Bond ETF by 3.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 145,208 shares of the company’s stock valued at $2,904,000 after buying an additional 5,191 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Invesco BulletShares 2033 Corporate Bond ETF during the 3rd quarter valued at approximately $1,533,000.

About Invesco BulletShares 2033 Corporate Bond ETF

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.