Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Sees Large Volume Increase – Still a Buy?

Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) saw unusually-high trading volume on Wednesday. 3,000,270 shares traded hands during trading, an increase of 297% from the previous session’s volume of 754,954 shares. The stock last traded at $19.5450 and had previously closed at $19.53.

Invesco BulletShares 2027 Corporate Bond ETF Price Performance

The business has a 50-day moving average price of $19.61 and a 200-day moving average price of $19.63.

Invesco BulletShares 2027 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a dividend of $0.0697 per share. This represents a $0.84 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, September 21st. This is a positive change from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.0694.

Institutional Trading of Invesco BulletShares 2027 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its stake in Invesco BulletShares 2027 Corporate Bond ETF by 5.8% during the first quarter. Lido Advisors LLC now owns 70,691,925 shares of the company’s stock worth $1,400,120,000 after purchasing an additional 3,854,896 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF by 8.6% during the fourth quarter. LPL Financial LLC now owns 6,738,930 shares of the company’s stock worth $133,026,000 after purchasing an additional 532,067 shares during the last quarter. Bank of America Corp DE raised its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 11.4% during the first quarter. Bank of America Corp DE now owns 5,588,500 shares of the company’s stock worth $109,674,000 after purchasing an additional 571,979 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Invesco BulletShares 2027 Corporate Bond ETF by 30.2% in the 1st quarter. Royal Bank of Canada now owns 2,390,339 shares of the company’s stock valued at $46,909,000 after buying an additional 554,441 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of Invesco BulletShares 2027 Corporate Bond ETF by 15.8% in the 4th quarter. MML Investors Services LLC now owns 1,924,776 shares of the company’s stock valued at $37,995,000 after purchasing an additional 262,297 shares in the last quarter.

About Invesco BulletShares 2027 Corporate Bond ETF

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.