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 . Approximately 1,790,906 shares traded hands during mid-day 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 Stock Down 0.1%

The firm has a 50 day moving average price of $20.50 and a 200-day moving average price 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. Shareholders of record on Monday, July 20th were given a dividend of $0.0885 per share. The ex-dividend date of this dividend was Monday, July 20th. This represents a c) annualized dividend 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth approximately $36,534,000. Wells Fargo & Company MN lifted its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 55.4% in the 4th quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock valued at $17,890,000 after purchasing an additional 303,242 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth $5,362,000. LPL Financial LLC grew its position in Invesco BulletShares 2034 Corporate Bond ETF by 26.0% during the fourth quarter. LPL Financial LLC now owns 1,073,606 shares of the company’s stock valued at $22,567,000 after buying an additional 221,464 shares during the period. Finally, Raymond James Financial Inc. grew its position in Invesco BulletShares 2034 Corporate Bond ETF by 8.1% during the third quarter. Raymond James Financial Inc. now owns 2,165,840 shares of the company’s stock valued at $45,526,000 after buying an additional 161,868 shares during the period.

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.