Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Strong Trading Volume – Here’s Why

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) saw strong trading volume on Wednesday . 254,008 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 287,938 shares.The stock last traded at $16.80 and had previously closed at $16.78.

Invesco BulletShares 2030 Corporate Bond ETF Stock Performance

The firm has a 50 day moving average price of $16.86 and a two-hundred day moving average price of $16.49.

Invesco BulletShares 2030 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Aptus Capital Advisors LLC grew its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 33.5% during the second quarter. Aptus Capital Advisors LLC now owns 2,434,089 shares of the company’s stock worth $39,578,000 after buying an additional 610,231 shares in the last quarter. Raymond James & Associates grew its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 143.9% during the 2nd quarter. Raymond James & Associates now owns 1,934,521 shares of the company’s stock worth $31,455,000 after acquiring an additional 1,141,238 shares in the last quarter. Eastern Bank increased its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 1.4% in the 2nd quarter. Eastern Bank now owns 1,879,680 shares of the company’s stock worth $30,564,000 after purchasing an additional 25,623 shares during the last quarter. Tlwm raised its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 3.9% in the 3rd quarter. Tlwm now owns 1,468,501 shares of the company’s stock valued at $24,891,000 after purchasing an additional 55,549 shares in the last quarter. Finally, Hengehold Capital Management LLC lifted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 21.3% during the third quarter. Hengehold Capital Management LLC now owns 1,433,092 shares of the company’s stock worth $24,291,000 after purchasing an additional 251,795 shares during the last quarter.

About Invesco BulletShares 2030 Corporate Bond ETF

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.