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

by · The Markets Daily

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 240,736 shares changed hands during trading, an increase of 74% from the previous session’s volume of 138,708 shares.The stock last traded at $20.35 and had previously closed at $20.28.

Invesco BulletShares 2034 Corporate Bond ETF Stock Up 0.3%

The company’s 50 day simple moving average is $20.58 and its 200 day simple moving average is $20.78.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

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

Institutional Trading of Invesco BulletShares 2034 Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC acquired a new position in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter valued at about $36,534,000. BCS Wealth Management raised its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 124.1% during the fourth quarter. BCS Wealth Management now owns 666,220 shares of the company’s stock worth $14,004,000 after purchasing an additional 368,933 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter valued at about $1,933,000. LeClair Wealth Partners LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter valued at about $2,377,000. Finally, Clark Asset Management LLC grew its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 24.0% in the 1st quarter. Clark Asset Management LLC now owns 323,095 shares of the company’s stock valued at $6,687,000 after purchasing an additional 62,601 shares during the period.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

(Get Free Report)

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.

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