Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Large Volume Increase – Here’s Why

Shares of Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) saw an uptick in trading volume on Monday . 240,736 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 138,708 shares.The stock last traded at $20.35 and had previously closed at $20.28.

Invesco BulletShares 2034 Corporate Bond ETF Stock Up 0.3%

The company’s fifty day moving average price is $20.58 and its two-hundred day moving average price is $20.78.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were given a $0.0885 dividend. 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

A number of large investors have recently added to or reduced their stakes in BSCY. Raymond James Financial Inc. raised its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 8.1% in the 3rd quarter. Raymond James Financial Inc. now owns 2,165,840 shares of the company’s stock valued at $45,526,000 after purchasing an additional 161,868 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter worth about $36,534,000. LPL Financial LLC boosted its position in shares of 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 worth $22,567,000 after buying an additional 221,464 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock worth $17,890,000 after buying an additional 303,242 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 6.0% during the fourth quarter. Invesco Ltd. now owns 831,500 shares of the company’s stock worth $17,478,000 after buying an additional 47,000 shares in the last quarter.

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.