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 fifty day moving average during trading on Wednesday. The stock has a fifty 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.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

The company’s 50 day simple moving average is $18.32 and its two-hundred day simple moving average is $18.58.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a $0.0703 dividend. The ex-dividend date of this dividend was Monday, October 19th. This is a boost 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 dividend yield of 4.6%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several institutional investors have recently modified their holdings of BSCT. Kinetic Wealth Investment Advisors LLC purchased a new stake in Invesco BulletShares 2029 Corporate Bond ETF during the 2nd quarter worth about $3,275,000. Goepper Burkhardt LLC increased its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 5.7% during the first quarter. Goepper Burkhardt LLC now owns 663,826 shares of the company’s stock worth $12,387,000 after buying an additional 35,584 shares during the period. Kintra Wealth LLC increased its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF by 31.3% during the second quarter. Kintra Wealth LLC now owns 266,234 shares of the company’s stock worth $4,948,000 after buying an additional 63,492 shares during the period. Paradiem LLC acquired a new stake in Invesco BulletShares 2029 Corporate Bond ETF in the first quarter valued at approximately $7,686,000. Finally, Davis R M Inc. raised its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 32.7% in the first quarter. Davis R M Inc. now owns 975,287 shares of the company’s stock valued at $18,199,000 after acquiring an additional 240,406 shares in 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.