Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Strong Trading Volume – Still a Buy?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) shares saw unusually-high trading volume on Tuesday . Approximately 1,787,528 shares were traded during trading, an increase of 217% from the previous session’s volume of 564,625 shares.The stock last traded at $16.8850 and had previously closed at $16.89.

Invesco BulletShares 2030 Corporate Bond ETF Price Performance

The business has a 50-day moving average of $16.93 and a 200 day moving average of $16.86.

Invesco BulletShares 2030 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.063 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Institutional investors have recently made changes to their positions in the stock. Keel Point LLC boosted its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 51.6% in the 3rd quarter. Keel Point LLC now owns 34,783 shares of the company’s stock valued at $588,000 after purchasing an additional 11,834 shares during the period. Newport Capital Group LLC bought a new position in Invesco BulletShares 2030 Corporate Bond ETF during the third quarter valued at approximately $669,000. Asset Dedication LLC raised its position in Invesco BulletShares 2030 Corporate Bond ETF by 9.5% in the 3rd quarter. Asset Dedication LLC now owns 502,991 shares of the company’s stock worth $8,501,000 after purchasing an additional 43,574 shares during the period. Captrust Financial Advisors lifted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 19.2% in the 3rd quarter. Captrust Financial Advisors now owns 133,877 shares of the company’s stock valued at $2,263,000 after acquiring an additional 21,596 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Invesco BulletShares 2030 Corporate Bond ETF in the third quarter valued at approximately $154,000.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.