Invesco BulletShares 2024 Corporate Bond ETF Hits New 52-Week High: Should You Consider Buying?

On October 20th, 2024, the Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) achieved a new 52-week high, trading at $21.18 before settling at $21.17. This notable performance saw a trading volume of 20,158 shares, while the stock had closed the previous day at $21.16.

Price Performance Overview

The Invesco BulletShares 2024 ETF has maintained a 50-day moving average price of $21.13 and a 200-day moving average price of $21.08, indicating stable performance over recent months.

Dividend Announcement

Recently, the fund also announced its monthly dividend payment, which took place on September 27th. Shareholders who were on record as of September 23rd received a dividend of $0.08 per share. This represents an annualized dividend of $0.96, yielding 4.53%. Importantly, this dividend amount has remained consistent compared to previous payouts.

Institutional Investment Insights

Several large investors have shown interest in Invesco BulletShares 2024 ETF, adjusting their positions. For instance, AA Financial Advisors LLC increased its stake by 18.6% in Q3, now holding 122,531 shares valued at approximately $2.59 million. Continuum Wealth Advisors LLC also raised its participation by 12.1%, owning 60,457 shares now valued at about $1.28 million. Other notable changes include a new investment from Net Worth Advisory Group, which acquired shares worth $429,000, and Fusion Family Wealth LLC's slight 0.5% boost in its holdings, now commanding nearly $31.67 million. Strid Group LLC similarly enhanced its position by 1.1% this quarter.

About the ETF

The Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is designed mainly to invest in investment-grade fixed income assets. It tracks an index of corporate bonds that are set to mature in 2024, and the fund is scheduled to unwind in December 2024, returning all proceeds to its investors.

Conclusion: Should You Buy?

With strong recent performance and solid institutional backing, investors considering whether to buy into Invesco BulletShares 2024 ETF should carefully evaluate the ongoing market conditions and their own investment strategies.

Invesco, ETF, Dividend