Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Sees Unusually-High Trading Volume – Still a Buy?

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) saw an uptick in trading volume on Monday. 603,869 shares changed hands during mid-day trading, an increase of 164% from the average daily volume of 228,318 shares. The stock last traded at $20.28 and had previously closed at $20.25.

Invesco BulletShares 2033 Corporate Bond ETF Trading Down 0.1%

The company has a fifty day simple moving average of $20.37 and a two-hundred day simple moving average of $20.98.

Invesco BulletShares 2033 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 5.0%. This is a drop from Invesco BulletShares 2033 Corporate Bond ETF’s previous monthly dividend of $0.0848. The ex-dividend date was Monday, October 19th.

Institutional Investors Weigh In On Invesco BulletShares 2033 Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New Hampshire acquired a new position in shares of Invesco BulletShares 2033 Corporate Bond ETF in the 3rd quarter worth approximately $73,000. Marquette Asset Management LLC acquired a new position in Invesco BulletShares 2033 Corporate Bond ETF in the third quarter valued at about $90,000. International Assets Investment Management LLC boosted its stake in Invesco BulletShares 2033 Corporate Bond ETF by 182.9% during the 1st quarter. International Assets Investment Management LLC now owns 4,421 shares of the company’s stock worth $94,000 after acquiring an additional 2,858 shares during the last quarter. Somerset Trust Co acquired a new position in shares of Invesco BulletShares 2033 Corporate Bond ETF in the 2nd quarter valued at $220,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Invesco BulletShares 2033 Corporate Bond ETF in the first quarter worth about $230,000.

Invesco BulletShares 2033 Corporate Bond ETF Company Profile

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.