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

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) shares saw an uptick in trading volume on Friday . 3,826,769 shares changed hands during trading, an increase of 386% from the previous session’s volume of 787,139 shares.The stock last traded at $18.55 and had previously closed at $18.53.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

The stock’s 50-day moving average price is $18.81 and its 200-day moving average price is $18.83.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.0676 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a c) annualized dividend and a yield of 4.4%. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

A number of institutional investors have recently modified their holdings of BSCT. Jane Street Group LLC bought a new position in Invesco BulletShares 2029 Corporate Bond ETF in the first quarter valued at about $8,555,000. JPMorgan Chase & Co. grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 200.4% during the second quarter. JPMorgan Chase & Co. now owns 268,490 shares of the company’s stock worth $5,021,000 after purchasing an additional 179,107 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 91.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 66,230 shares of the company’s stock valued at $1,238,000 after buying an additional 31,582 shares during the period. Lido Advisors LLC increased its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3.5% in the second quarter. Lido Advisors LLC now owns 6,031,301 shares of the company’s stock valued at $112,785,000 after buying an additional 205,298 shares during the period. Finally, VestGen Advisors LLC raised its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 16.8% in the 2nd quarter. VestGen Advisors LLC now owns 261,888 shares of the company’s stock valued at $4,918,000 after buying an additional 37,584 shares during 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.