Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Strong Trading Volume Following Dividend Announcement

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw an uptick in trading volume on Tuesday following a dividend announcement from the company. 2,392,812 shares changed hands during trading, an increase of 373% from the previous session’s volume of 505,551 shares.The stock last traded at $18.51 and had previously closed at $18.51.

The newly announced dividend which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 19th will be issued a $0.0741 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.81%. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date is Monday, May 19th.

Invesco BulletShares 2029 Corporate Bond ETF Trading Down 0.0%

The stock’s fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $18.44.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BSCT. Focus Partners Wealth raised its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 30.7% during the 1st quarter. Focus Partners Wealth now owns 571,020 shares of the company’s stock worth $10,581,000 after purchasing an additional 134,140 shares during the period. Anchor Investment Management LLC acquired a new position in Invesco BulletShares 2029 Corporate Bond ETF during the 1st quarter valued at approximately $71,000. Jane Street Group LLC bought a new position in Invesco BulletShares 2029 Corporate Bond ETF during the 1st quarter worth $8,555,000. Jones Financial Companies Lllp increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 63.5% in the first quarter. Jones Financial Companies Lllp now owns 200,850 shares of the company’s stock worth $3,933,000 after buying an additional 78,014 shares during the period. Finally, Coordinated Financial Services Inc. CO bought a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the first quarter valued at $466,000.

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.