Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Large Volume Increase – Still a Buy?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) saw unusually-high trading volume on Friday . 1,790,906 shares were traded during trading, an increase of 1,221% from the previous session’s volume of 135,583 shares.The stock last traded at $20.32 and had previously closed at $20.34.

Invesco BulletShares 2034 Corporate Bond ETF Trading Down 0.1%

The business has a 50-day simple moving average of $20.50 and a 200-day simple moving average of $20.71.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were paid a $0.0885 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) dividend on an annualized basis and a yield of 5.2%. This is an increase from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the third quarter worth about $47,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the 4th quarter worth about $63,000. Redmond Asset Management LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth approximately $202,000. Waverly Advisors LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the 1st quarter worth approximately $204,000. Finally, &PARTNERS acquired a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $210,000.

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.