In a remarkable display of financial prowess, Raymond James & Associates has significantly increased its stake in the Invesco BulletShares 2024 Corporate Bond ETF. According to a recent filing with the Securities & Exchange Commission, this move resulted in a remarkable 45.4% boost in their ownership. The institutional investor now possesses an impressive 1,579,119 shares of the company’s stock, acquiring an additional 493,433 shares during the first quarter.
This acquisition solidifies Raymond James & Associates’ position as a prominent player in the investment world. With their latest purchase, they now own a substantial 0.83% of Invesco BulletShares 2024 Corporate Bond ETF, which amounts to an astonishing $32,514,000 valuation at the close of the most recent quarter.
For those curious about other hedge funds and their stance on BSCO stocks, HoldingsChannel.com offers comprehensive information regarding the latest 13F filings and insider trades for Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO – Free Report). This valuable resource provides investors with crucial insights into the investment strategies employed by leading financiers.
Further evidence of Invesco BulletShares’ robust performance can be seen through its recent monthly dividend announcement. On June 23rd, stockholders received a dividend payment as per the firm’s declaration. Of significance is that this payout saw an increase compared to previous dividends; stockholders were awarded $0.0496 per share as opposed to the prior monthly dividend of $0.04.
The positive change in dividend payments reflects Invesco BulletShares’ commitment to providing enhanced value for its shareholders while maintaining competitiveness within an ever-evolving market landscape. To benefit from this lucrative initiative, individuals needed to be registered shareholders by Wednesday, June 21st to receive their share of the distribution.
Moreover, astute investors may note that Tuesday, June 20th marked the ex-dividend date for this enticing opportunity. By investing before this crucial date, shareholders could take advantage of the $0.59 annualized dividend offered by Invesco BulletShares 2024 Corporate Bond ETF, resulting in a significant dividend yield of 2.89%.
In summary, Raymond James & Associates’ recent substantial increase in shares held in the Invesco BulletShares 2024 Corporate Bond ETF demonstrates their confidence in its future growth. Coupled with news of the enhanced monthly dividend payment, it is clear that Invesco BulletShares is positioned for success in the ever-competitive investment world. Investors would be wise to closely monitor these developments and consider how they may extract maximum value from this flourishing opportunity.
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Institutional Investors and Hedge Funds Drive Strong Interest in Invesco BulletShares 2024 Corporate Bond ETF (BSCO)
Institutional investors and hedge funds have been actively buying and selling shares of Invesco BulletShares 2024 Corporate Bond ETF (BSCO) in recent times. Lido Advisors LLC, for instance, witnessed a remarkable growth in its position by 23.1% during the third quarter, bringing its total ownership to an astounding 40,053,437 shares valued at $816,689,000. This increase was facilitated through the acquisition of an additional 7,523,681 shares in the last quarter alone.
Similarly, Wells Fargo & Company MN bolstered its position in BSCO by an impressive 41.1% during the fourth quarter. With the purchase of an additional 2,430,962 shares, their total ownership now stands at 8,342,812 shares valued at $170,903,000. Morgan Stanley also saw notable growth in their holdings with a 14.4% increase resulting from the acquisition of an extra 698,919 shares. Their total share count amounts to 5,564,795 valued at $113,995,000.
Bank of America Corp DE also took advantage of the growing market for Invesco BulletShares 2024 Corporate Bond ETFs and augmented their position by 16.6%. With an additional purchase of 588,000 shares during the fourth quarter alone their total ownership increased to 4,136,176 worth $84,730 ,000.
Lastly,LPL Financial LLC significantly boosted its holdings by a staggering rate of109.9%. Their aggressive purchasing strategy resulted in owning a whopping total of3 ,755 ,313 these investments are worth mullion dollars valuing ounces at76 ,928 ,000
All these investment activities have positively impacted the company’s stock performance. NASDAQ:BSCO opened at $20.58 on Thursday which falls within its trading range over the past year between $20.26 and $20.89. The company’s stock has demonstrated stability with a 50-day moving average of $20.60 and a 200-day moving average of $20.57.
The Invesco BulletShares 2024 Corporate Bond ETF primarily focuses on investment-grade fixed income securities, making it an enticing option for investors looking for stable returns. The fund tracks an index consisting of investment-grade corporate bonds that mature in the year 2024.
It is notable to mention that the fund has an established termination date set for December 2024. Upon reaching this date, the fund will unwind and return all capital and proceeds to its investors. This approach provides investors with a clear exit strategy along with the potential for substantial returns throughout the duration of the investment.
Overall, Invesco BulletShares 2024 Corporate Bond ETF stands out as an attractive investment option due to its focus on investment-grade fixed income securities and clear anticipated timeline for returns. With growing interest from institutional investors and hedge funds, there is growing confidence in its performance leading up to its termination in December 2024.
