Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Large Volume Increase – Should You Buy?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) saw strong trading volume on Wednesday . 254,008 shares traded hands 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 Price Performance

The business’s 50-day moving average is $16.86 and its 200 day moving average is $16.48.

Invesco BulletShares 2030 Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.061 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.73 annualized dividend and a dividend yield of 4.35%.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the first quarter valued at approximately $747,000. BCS Wealth Management lifted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 32.7% in the 1st quarter. BCS Wealth Management now owns 62,335 shares of the company’s stock worth $1,022,000 after purchasing an additional 15,375 shares during the period. Tlwm boosted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 8.2% during the 1st quarter. Tlwm now owns 1,373,567 shares of the company’s stock valued at $22,513,000 after purchasing an additional 104,549 shares in the last quarter. Hengehold Capital Management LLC increased its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 7,185.9% during the first quarter. Hengehold Capital Management LLC now owns 1,119,848 shares of the company’s stock valued at $18,354,000 after buying an additional 1,104,478 shares during the period. Finally, Atlantic Union Bankshares Corp raised its stake in Invesco BulletShares 2030 Corporate Bond ETF by 20.6% in the first quarter. Atlantic Union Bankshares Corp now owns 988,497 shares of the company’s stock worth $16,201,000 after buying an additional 169,164 shares in 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.