Osaic Holdings Inc. Maintains Significant Investment in Invesco BulletShares 2024 Corporate Bond ETF

Osaic Holdings Inc., an institutional investor, has recently adjusted its investment portfolio, resulting in a decreased stake in the Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ: BSCO). Despite selling off 119,151 shares during the 2nd quarter, Osaic Holdings still retains a substantial investment in the ETF, with a total value of approximately $45.82 million, representing ownership of 2,227,333 shares.

Investor Landscape Alterations

The changes in Osaic Holdings Inc.'s investment strategy are part of a broader shift among various institutional investors. Horizons Wealth Management, for example, grew its Invesco BulletShares 2024 holdings by 1.6%, now owning 202,426 shares. Meanwhile, Geneos Wealth Management Inc. boosted its stake by 36%, Eastern Bank by 2.1%, and Shufro Rose & Co. LLC increased theirs marginally by 1.1%. A new position was established by Evexia Wealth LLC valued at around $1.89 million. These adjustments reflect a dynamic investment environment, as entities reposition their portfolios in response to market movements.

ETF's Market Position

The ETF itself, BSCO, has had a relatively stable performance in the market. Its price opened at $20.86 on a recent Friday, maintaining a consistent movement around its 50-day and 200-day moving averages. The fund lies within a narrow 52-week range, showing modest fluctuations between its low of $20.42 and high of $20.89.

Dividend Information

Attention was also brought to the ETF's distribution of dividends. It recently declared a monthly dividend, rewarding shareholders with $0.0513 per share. This rate was a slight increase from the previous monthly dividend of $0.05, translating to an enhanced annual yield of 2.95% for investors.

Understanding BSCO

The Invesco BulletShares 2024 Corporate Bond ETF is designed for investors looking for exposure to investment-grade corporate bonds maturing in 2024. The ETF ultimately plans to dissolve in December 2024, subsequently returning all capital and proceeds to its investors, following the maturation of its underlying bonds.

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