Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Sets New 52-Week High – Should You Buy?

The Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) recently reached a significant milestone by hitting a new 52-week high. On October 20, 2024, the ETF climbed to a peak price of $21.18 before settling at $21.17, with a total trading volume of 20,158 shares. This marks an improvement from its previous closing price of $21.16.

Price Trends for Invesco BulletShares 2024 Corporate Bond ETF

In evaluating the price performance of BSCO, its 50-day and 200-day moving averages stand at $21.13 and $21.08, respectively. These averages are important indicators for investors looking to assess the ETF's trend over both short and long-term periods.

Recent Dividend Announcement

Invesco also made headlines with its recent dividend announcement. Shareholders received a monthly dividend of $0.08, which was paid out on September 27, 2024. This dividend reflects a positive trajectory as it matches the previous month’s dividend, thus delivering an annual yield of 4.53%. For investors, a consistent dividend can indicate financial stability and ongoing profitability.

Institutional Investment Trends

Recent activity from hedge funds shows growing interest in the Invesco BulletShares 2024 Corporate Bond ETF. For instance, AA Financial Advisors LLC increased its position by 18.6% in the third quarter, now holding 122,531 shares valued at approximately $2.59 million. Similarly, Continuum Wealth Advisors LLC added 12.1% more shares, bringing its total to 60,457 shares worth around $1.28 million. Other firms, such as Net Worth Advisory Group and Fusion Family Wealth LLC, have also expanded their holdings, indicating a bullish sentiment on BSCO.

Understanding Invesco BulletShares 2024 Corporate Bond ETF

The Invesco BulletShares 2024 Corporate Bond ETF focuses on investment-grade fixed income assets. It aims to track an index consisting of corporate bonds that are set to mature in 2024. The ETF is designed to distribute all capital and proceeds to investors upon its unwinding in December 2024.

Conclusion: Is It Time to Invest in BSCO?

The recent highs, positive dividend yield, and increasing institutional investments suggest a strong outlook for the Invesco BulletShares 2024 Corporate Bond ETF. For investors considering options in the bond market, BSCO might be worthy of attention, yet individual financial goals should guide any investment decision.

ETF, Bonds, Investment