Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Large Volume Increase – What’s Next?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) shares saw unusually-high trading volume on Wednesday. 254,703 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 152,759 shares. The stock last traded at $19.6050 and had previously closed at $19.67.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The stock has a 50-day moving average of $20.03 and a 200 day moving average of $20.43.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.0809 per share. This represents a $0.97 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0920.

Institutional Investors Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BSCY. Clark Asset Management LLC raised its stake in Invesco BulletShares 2034 Corporate Bond ETF by 25.3% during the second quarter. Clark Asset Management LLC now owns 404,980 shares of the company’s stock worth $8,369,000 after purchasing an additional 81,885 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 1st quarter valued at approximately $5,362,000. Bank of America Corp DE increased its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 53.3% during the 1st quarter. Bank of America Corp DE now owns 230,755 shares of the company’s stock worth $4,776,000 after buying an additional 80,182 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 14.7% during the 1st quarter. Stephens Inc. AR now owns 203,368 shares of the company’s stock worth $4,209,000 after buying an additional 26,056 shares during the last quarter. Finally, Modern Wealth Management LLC raised its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 69.4% during the 1st quarter. Modern Wealth Management LLC now owns 200,676 shares of the company’s stock valued at $4,157,000 after buying an additional 82,228 shares during the period.

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.