Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Share Price Break Above 50 Day Moving Average – What’s Next?

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $18.32 and traded as high as $18.35. Invesco BulletShares 2029 Corporate Bond ETF shares last traded at $18.34, with a volume of 1,298,229 shares trading hands.

Invesco BulletShares 2029 Corporate Bond ETF Stock Up 0.2%

The stock has a 50 day simple moving average of $18.32 and a 200-day simple moving average of $18.58.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a dividend of $0.0703 per share. The ex-dividend date of this dividend was Monday, October 19th. This is a positive change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0688. This represents a $0.84 dividend on an annualized basis and a yield of 4.6%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the business. Lido Advisors LLC bought a new position in Invesco BulletShares 2029 Corporate Bond ETF in the third quarter worth approximately $102,179,000. Bank of America Corp DE boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 32.0% in the 1st quarter. Bank of America Corp DE now owns 3,487,306 shares of the company’s stock valued at $65,073,000 after buying an additional 845,134 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF during the third quarter worth $44,589,000. Royal Bank of Canada increased its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 13.4% during the first quarter. Royal Bank of Canada now owns 2,445,163 shares of the company’s stock valued at $45,627,000 after acquiring an additional 289,430 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,274,983 shares of the company’s stock valued at $42,258,000 after buying an additional 147,973 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

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.