Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sees Strong Trading Volume After Dividend Announcement

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) saw unusually-high trading volume on Tuesday following a dividend announcement from the company. Approximately 2,392,812 shares traded hands during trading, an increase of 373% from the previous session’s volume of 505,551 shares.The stock last traded at $18.51 and had previously closed at $18.51.

The newly announced dividend which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.0741 per share. This is a positive change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a $0.89 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Monday, May 19th.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

The firm has a 50-day moving average price of $18.49 and a two-hundred day moving average price of $18.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BSCT. Topsail Wealth Management LLC purchased a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the fourth quarter worth $28,000. Hager Investment Management Services LLC purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the 1st quarter valued at about $30,000. Harbor Investment Advisory LLC purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the 1st quarter valued at about $34,000. Montag A & Associates Inc. acquired a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the 1st quarter valued at about $53,000. Finally, Wayfinding Financial LLC purchased a new position in Invesco BulletShares 2029 Corporate Bond ETF in the 1st quarter worth approximately $59,000.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.