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

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw strong trading volume on Thursday . 2,097,488 shares traded hands during trading, an increase of 179% from the previous session’s volume of 752,509 shares.The stock last traded at $18.55 and had previously closed at $18.55.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

The firm’s 50-day moving average price is $18.67 and its 200-day moving average price is $18.78.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 18th will be given a $0.0717 dividend. This represents a c) annualized dividend and a yield of 4.6%. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Monday, May 18th.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 14.3% during the 4th quarter. Morgan Stanley now owns 8,288,748 shares of the company’s stock valued at $156,119,000 after buying an additional 1,036,113 shares during the period. Lido Advisors LLC boosted its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 5.0% in the 4th quarter. Lido Advisors LLC now owns 6,386,183 shares of the company’s stock worth $120,139,000 after acquiring an additional 302,120 shares during the period. Wells Fargo & Company MN grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 6,154,081 shares of the company’s stock valued at $115,912,000 after acquiring an additional 920,814 shares in the last quarter. Raymond James Financial Inc. grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 6.4% in the third quarter. Raymond James Financial Inc. now owns 4,684,687 shares of the company’s stock valued at $88,119,000 after acquiring an additional 281,202 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 16.0% during the fourth quarter. LPL Financial LLC now owns 4,348,671 shares of the company’s stock valued at $81,907,000 after purchasing an additional 600,085 shares during the period.

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.