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

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw an uptick in trading volume on Tuesday . Approximately 2,329,830 shares traded hands during mid-day 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 Performance

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

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.0702 per share. The ex-dividend date was Monday, August 24th. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.6%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the 4th quarter valued at about $32,000. AlphaCore Capital LLC bought a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF in the fourth quarter worth approximately $34,000. Rockefeller Capital Management L.P. grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 41.7% during the fourth 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 last quarter. Topsail Wealth Management LLC grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 60.0% during the first quarter. Topsail Wealth Management LLC now owns 2,400 shares of the company’s stock valued at $45,000 after buying an additional 900 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 21.5% during the fourth quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $59,000 after acquiring an additional 551 shares in the last quarter.

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.