Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) Sees Unusually-High Trading Volume – Should You Buy?

Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) saw an uptick in trading volume on Monday . 600,687 shares were traded during mid-day trading, an increase of 360% from the previous session’s volume of 130,671 shares.The stock last traded at $20.74 and had previously closed at $20.80.

Invesco BulletShares 2032 Corporate Bond ETF Stock Performance

The stock has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $20.33.

Invesco BulletShares 2032 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.083 dividend. This represents a $1.00 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Trading of Invesco BulletShares 2032 Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Vima LLC purchased a new position in Invesco BulletShares 2032 Corporate Bond ETF during the fourth quarter worth approximately $30,000. MONECO Advisors LLC raised its position in shares of Invesco BulletShares 2032 Corporate Bond ETF by 75.0% during the 4th quarter. MONECO Advisors LLC now owns 21,470 shares of the company’s stock worth $444,000 after purchasing an additional 9,198 shares during the last quarter. Davis Capital Management lifted its stake in Invesco BulletShares 2032 Corporate Bond ETF by 608.1% in the 1st quarter. Davis Capital Management now owns 7,853 shares of the company’s stock valued at $158,000 after buying an additional 6,744 shares in the last quarter. Butensky & Cohen Financial Security Inc. increased its stake in Invesco BulletShares 2032 Corporate Bond ETF by 16.1% during the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 42,482 shares of the company’s stock worth $860,000 after buying an additional 5,894 shares in the last quarter. Finally, BCS Wealth Management lifted its position in shares of Invesco BulletShares 2032 Corporate Bond ETF by 28.9% in the first quarter. BCS Wealth Management now owns 78,961 shares of the company’s stock valued at $1,599,000 after acquiring an additional 17,712 shares in the last quarter.

About Invesco BulletShares 2032 Corporate Bond ETF

The Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 2032. BSCW was launched on Sep 8, 2022 and is managed by Invesco.