Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) saw an uptick in trading volume on Wednesday . 4,007,024 shares were traded during trading, an increase of 314% from the previous session’s volume of 967,524 shares.The stock last traded at $19.70 and had previously closed at $19.72.

Invesco BulletShares 2027 Corporate Bond ETF Stock Down 0.1%

The firm has a fifty day simple moving average of $19.74 and a 200-day simple moving average of $19.73.

Invesco BulletShares 2027 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a dividend of $0.0678 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BSCR. Revolve Wealth Partners LLC acquired a new stake in shares of Invesco BulletShares 2027 Corporate Bond ETF during the fourth quarter worth $364,000. Jane Street Group LLC increased its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 285.8% during the 1st quarter. Jane Street Group LLC now owns 343,330 shares of the company’s stock worth $6,726,000 after purchasing an additional 254,332 shares in the last quarter. Savant Capital LLC increased its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 3.2% during the 2nd quarter. Savant Capital LLC now owns 17,885 shares of the company’s stock worth $351,000 after purchasing an additional 562 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF by 5.4% in the 2nd quarter. Prospera Financial Services Inc now owns 137,394 shares of the company’s stock valued at $2,700,000 after purchasing an additional 7,009 shares during the period. Finally, Midwest Trust Co bought a new stake in shares of Invesco BulletShares 2027 Corporate Bond ETF in the second quarter valued at about $372,000.

Invesco BulletShares 2027 Corporate Bond ETF Company Profile

The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade corporate bonds with effective maturities in 2027. The fund will unwind in December 2027 and return capital and proceeds to investors. BSCR was launched on Sep 27, 2017 and is managed by Invesco.