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

Shares of Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) saw an uptick in trading volume on Friday . Approximately 1,790,906 shares traded hands during mid-day trading, an increase of 1,221% from the previous session’s volume of 135,583 shares.The stock last traded at $20.32 and had previously closed at $20.34.

Invesco BulletShares 2034 Corporate Bond ETF Trading Down 0.0%

The business has a fifty day simple moving average of $20.49 and a two-hundred day simple moving average of $20.71.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 24th. Stockholders 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) dividend on an annualized basis and a dividend yield of 5.2%. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the third quarter worth about $47,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $63,000. Redmond Asset Management LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $202,000. Waverly Advisors LLC purchased a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the first quarter valued at approximately $204,000. Finally, &PARTNERS purchased a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $210,000.

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.