Independence Bank of Kentucky Grows Stake in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT)

Independence Bank of Kentucky lifted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) by 54.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 48,442 shares of the company’s stock after purchasing an additional 17,154 shares during the quarter. Independence Bank of Kentucky’s holdings in Invesco BulletShares 2029 Corporate Bond ETF were worth $880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BSCT. Raymond James & Associates increased its stake in Invesco BulletShares 2029 Corporate Bond ETF by 96.3% during the second quarter. Raymond James & Associates now owns 1,491,090 shares of the company’s stock worth $27,078,000 after purchasing an additional 731,566 shares during the period. RiverFront Investment Group LLC purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the 1st quarter valued at $12,317,000. Jane Street Group LLC boosted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 67.8% during the 1st quarter. Jane Street Group LLC now owns 1,641,673 shares of the company’s stock worth $30,043,000 after purchasing an additional 663,356 shares during the period. Vishria Bird Financial Group LLC purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF during the 1st quarter worth $8,465,000. Finally, Wells Fargo & Company MN grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 41.3% during the 4th quarter. Wells Fargo & Company MN now owns 1,291,587 shares of the company’s stock worth $23,952,000 after purchasing an additional 377,277 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

Shares of BSCT traded up $0.09 during mid-day trading on Friday, hitting $18.71. 382,692 shares of the company’s stock were exchanged, compared to its average volume of 307,394. Invesco BulletShares 2029 Corporate Bond ETF has a fifty-two week low of $17.18 and a fifty-two week high of $18.71. The business’s 50 day moving average is $18.41 and its two-hundred day moving average is $18.24.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 19th were given a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.81%. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, August 19th.

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.