Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Unusually-High Trading Volume – What’s Next?

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw unusually-high trading volume on Friday . Approximately 1,656,544 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 928,828 shares.The stock last traded at $18.38 and had previously closed at $18.42.

Invesco BulletShares 2029 Corporate Bond ETF Stock Down 0.2 %

The company has a fifty day simple moving average of $18.38 and a 200 day simple moving average of $18.53.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.068 per share. The ex-dividend date of this dividend was Tuesday, January 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BSCT. Raymond James Financial Inc. purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF in the 4th quarter worth about $64,095,000. Raymond James & Associates raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 71.1% during the third quarter. Raymond James & Associates now owns 2,550,819 shares of the company’s stock valued at $47,981,000 after purchasing an additional 1,059,729 shares during the last quarter. Avior Wealth Management LLC lifted its position in Invesco BulletShares 2029 Corporate Bond ETF by 12.1% during the fourth quarter. Avior Wealth Management LLC now owns 2,207,836 shares of the company’s stock valued at $40,492,000 after purchasing an additional 238,406 shares during the period. Aptus Capital Advisors LLC increased its position in Invesco BulletShares 2029 Corporate Bond ETF by 37.6% during the third quarter. Aptus Capital Advisors LLC now owns 2,162,775 shares of the company’s stock valued at $40,682,000 after acquiring an additional 591,205 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF in the fourth quarter worth about $24,644,000.

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.