Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Strong Trading Volume – Should You Buy?

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw unusually-strong trading volume on Tuesday . Approximately 2,329,830 shares traded hands during trading, an increase of 253% from the previous session’s volume of 660,696 shares.The stock last traded at $18.47 and had previously closed at $18.48.

Invesco BulletShares 2029 Corporate Bond ETF Stock Down 0.1%

The company has a 50 day moving average price of $18.54 and a two-hundred day moving average price of $18.64.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.0702 dividend. This is a positive change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the 4th quarter worth approximately $32,000. AlphaCore Capital LLC bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 4th quarter valued at $34,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 41.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock valued at $44,000 after buying an additional 681 shares during the period. Topsail Wealth Management LLC boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 60.0% in the 1st quarter. Topsail Wealth Management LLC now owns 2,400 shares of the company’s stock worth $45,000 after buying an additional 900 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 21.5% in the 4th quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock worth $59,000 after buying an additional 551 shares during 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.