Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Unusually-High Trading Volume – Still a Buy?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) shares saw an uptick in trading volume on Monday . 1,096,558 shares traded hands during mid-day trading, an increase of 127% from the previous session’s volume of 483,888 shares.The stock last traded at $16.8750 and had previously closed at $16.89.

Invesco BulletShares 2030 Corporate Bond ETF Stock Down 0.0%

The stock has a 50 day simple moving average of $16.94 and a 200 day simple moving average of $16.77.

Invesco BulletShares 2030 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 24th. Shareholders of record on Monday, October 20th were paid a $0.0629 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, October 20th.

Hedge Funds Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSCU. Tradewinds Capital Management LLC acquired a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the third quarter worth approximately $18,722,000. Aptus Capital Advisors LLC boosted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 12.5% during the first quarter. Aptus Capital Advisors LLC now owns 7,453,803 shares of the company’s stock worth $123,659,000 after buying an additional 828,192 shares during the period. IMA Advisory Services Inc. raised its position in Invesco BulletShares 2030 Corporate Bond ETF by 158.6% in the first quarter. IMA Advisory Services Inc. now owns 1,246,581 shares of the company’s stock worth $20,681,000 after purchasing an additional 764,578 shares in the last quarter. Baird Financial Group Inc. raised its position in Invesco BulletShares 2030 Corporate Bond ETF by 1,426.9% in the first quarter. Baird Financial Group Inc. now owns 788,983 shares of the company’s stock worth $13,089,000 after purchasing an additional 737,312 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in Invesco BulletShares 2030 Corporate Bond ETF by 17.9% in the first quarter. Raymond James Financial Inc. now owns 4,487,868 shares of the company’s stock worth $74,454,000 after purchasing an additional 680,650 shares in the last quarter.

About Invesco BulletShares 2030 Corporate Bond ETF

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.