Exchange Capital Management Inc. Grows Stock Holdings in Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT)

Exchange Capital Management Inc. increased its stake in shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) by 38.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,744 shares of the company’s stock after buying an additional 47,134 shares during the quarter. Exchange Capital Management Inc. owned about 0.35% of Invesco BulletShares 2029 Corporate Bond ETF worth $3,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BSCT. Davis Capital Management lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 9.2% during the 1st quarter. Davis Capital Management now owns 7,942 shares of the company’s stock valued at $145,000 after acquiring an additional 670 shares during the period. Capital Investment Advisors LLC lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 6.0% during the 4th quarter. Capital Investment Advisors LLC now owns 20,449 shares of the company’s stock valued at $379,000 after acquiring an additional 1,154 shares during the period. Ancora Advisors LLC lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 301.8% during the 3rd quarter. Ancora Advisors LLC now owns 1,764 shares of the company’s stock valued at $31,000 after acquiring an additional 1,325 shares during the period. Butensky & Cohen Financial Security Inc. lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 2.7% during the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 60,038 shares of the company’s stock valued at $1,099,000 after acquiring an additional 1,558 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 8.6% during the 4th quarter. First Horizon Advisors Inc. now owns 20,143 shares of the company’s stock valued at $374,000 after acquiring an additional 1,600 shares during the period.

Invesco BulletShares 2029 Corporate Bond ETF Price Performance

Shares of BSCT stock traded up $0.04 during midday trading on Tuesday, reaching $18.16. 316,797 shares of the company traded hands, compared to its average volume of 301,197. The firm’s 50 day simple moving average is $18.13 and its two-hundred day simple moving average is $18.23. Invesco BulletShares 2029 Corporate Bond ETF has a 1-year low of $17.18 and a 1-year high of $18.58.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.0722 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.87 annualized dividend and a dividend yield of 4.77%.

About Invesco BulletShares 2029 Corporate Bond ETF

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.