Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sees Strong Trading Volume – Time to Buy?

by · The Markets Daily

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY – Get Free Report) shares saw an uptick in trading volume on Friday. Approximately 433,551 shares traded hands during mid-day trading, an increase of 207% from the previous session’s volume of 141,288 shares. The stock last traded at $19.5350 and had previously closed at $19.57.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The business has a 50-day moving average price of $20.15 and a two-hundred day moving average price of $20.49.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.0809 dividend. This represents a $0.97 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, September 21st. This is a drop from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0920.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth $36,534,000. Cookson Peirce & Co. Inc. increased its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 3.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 504,697 shares of the company’s stock valued at $10,609,000 after acquiring an additional 18,552 shares during the last quarter. Clark Asset Management LLC raised its position in shares of Invesco BulletShares 2034 Corporate Bond ETF by 25.3% during the 2nd quarter. Clark Asset Management LLC now owns 404,980 shares of the company’s stock worth $8,369,000 after acquiring an additional 81,885 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth approximately $5,362,000. Finally, Bank of America Corp DE increased its stake in Invesco BulletShares 2034 Corporate Bond ETF by 53.3% in the first quarter. Bank of America Corp DE now owns 230,755 shares of the company’s stock valued at $4,776,000 after purchasing an additional 80,182 shares during the last quarter.

About Invesco BulletShares 2034 Corporate Bond ETF

(Get Free Report)

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.

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