Invesco BulletShares 2024 Corporate Bond ETF Reaches New 52-Week High – Should Investors Consider Buying?

The Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) recently achieved a new 52-week high, reaching $21.18 on Friday, October 20, 2024. The shares last traded at $21.17, with a trading volume of 20,158 shares. The ETF had previously closed the session at $21.16.

Performance Overview of Invesco BulletShares 2024 Corporate Bond ETF

In terms of performance, the fund's 50-day moving average stands at $21.13, while the 200-day moving average is at $21.08. These metrics indicate that the ETF has been performing well in the recent market.

Recent Dividend Increase

Invesco also announced a monthly dividend that was paid on September 27. Shareholders who were on record as of September 23 received a dividend of $0.08. This marks a positive development from the previous dividend of $0.08, resulting in an annualized dividend of $0.96 and a dividend yield of 4.53%.

Institutional Investment Activity

Several large investors have recently adjusted their holdings in BSCO. Notable activities include AA Financial Advisors LLC increasing its stake in the ETF by 18.6% in the third quarter, acquiring an additional 19,174 shares to hold 122,531 shares valued at approximately $2,588,000. Continuum Wealth Advisors LLC also raised its stake by 12.1%, now holding 60,457 shares worth around $1,277,000 after purchasing an additional 6,524 shares. Additionally, Net Worth Advisory Group entered a new position in BSCO, acquiring shares worth $429,000 during the same period. Fusion Family Wealth LLC increased its holdings by 0.5%, ultimately owning 1,499,515 shares valued at $31,670,000, while Strid Group LLC raised its stake by 1.1%, holding 123,640 shares valued at $2,611,000.

Understanding the Invesco BulletShares 2024 Corporate Bond ETF

The Invesco BulletShares 2024 Corporate Bond ETF is an exchange-traded fund that primarily invests in investment-grade fixed income securities. It tracks an index of corporate bonds that are set to mature in 2024. The fund plans to unwind in December 2024, at which point it will return all capital and any proceeds to its investors.

Conclusion

As the Invesco BulletShares 2024 Corporate Bond ETF continues to reach new highs, investors may be weighing the potential for purchase. With a solid dividend yield and institutional interest, BSCO could be on the radar for those looking for stable income in their portfolios.

Investment, ETF, Bonds