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

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw strong trading volume on Wednesday . 303,745 shares traded hands during trading, a decline of 16% from the previous session’s volume of 360,682 shares.The stock last traded at $18.59 and had previously closed at $18.56.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

The stock’s 50-day simple moving average is $18.51 and its two-hundred day simple moving average is $18.50.

Invesco BulletShares 2029 Corporate Bond ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 18th were issued a dividend of $0.0687 per share. The ex-dividend date of this dividend was Monday, November 18th.

Institutional Trading of Invesco BulletShares 2029 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSCT. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the 3rd quarter worth approximately $26,000. FMR LLC purchased a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the third quarter valued at $38,000. Strategic Financial Concepts LLC grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 1,247.6% in the second quarter. Strategic Financial Concepts LLC now owns 347,760 shares of the company’s stock worth $63,000 after purchasing an additional 321,955 shares during the last quarter. Alaska Wealth Advisors increased its stake in Invesco BulletShares 2029 Corporate Bond ETF by 78.3% in the 2nd quarter. Alaska Wealth Advisors now owns 3,515 shares of the company’s stock worth $64,000 after buying an additional 1,544 shares during the period. Finally, Larson Financial Group LLC bought a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the 2nd quarter valued at about $134,000.

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.