Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) saw unusually-high trading volume on Friday . Approximately 741,049 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 563,983 shares.The stock last traded at $20.5950 and had previously closed at $20.60.

Invesco BulletShares 2028 Corporate Bond ETF Trading Up 0.0%

The firm has a 50-day moving average of $20.58 and a 200-day moving average of $20.55.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.075 dividend. The ex-dividend date was Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 4.4%.

Institutional Investors Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSCS. Laurel Wealth Advisors LLC grew its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 2,281.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,872,278 shares of the company’s stock worth $58,853,000 after acquiring an additional 2,751,669 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 533.5% during the first quarter. Jane Street Group LLC now owns 1,455,091 shares of the company’s stock worth $29,611,000 after purchasing an additional 1,225,402 shares during the period. Anchor Investment Management LLC boosted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 12,092.1% during the first quarter. Anchor Investment Management LLC now owns 934,159 shares of the company’s stock worth $19,010,000 after purchasing an additional 926,497 shares during the period. Manchester Financial Inc. grew its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 510.5% in the second quarter. Manchester Financial Inc. now owns 973,575 shares of the company’s stock worth $19,949,000 after purchasing an additional 814,110 shares during the last quarter. Finally, SNS Financial Group LLC increased its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 383.3% during the 3rd quarter. SNS Financial Group LLC now owns 918,071 shares of the company’s stock valued at $18,885,000 after purchasing an additional 728,105 shares during the period.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.