Kickstand Ventures LLC has made a significant investment in the Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ: BSCU), acquiring a new position valued at approximately $253,000. This purchase, which occurred during the second quarter of 2023, involved the acquisition of 15,093 shares of the ETF’s stock, according to reports from Holdings Channel.
Several other hedge funds also adjusted their holdings in the ETF during the same period. For example, Segment Wealth Management LLC increased its stake by 2.8%, bringing its total to 51,670 shares, valued at around $867,000 after an additional purchase of 1,400 shares. Similarly, Empirical Financial Services LLC, operating as Empirical Wealth Management, raised its stake by 3.2%, acquiring 5,970 shares for a total of 190,900 shares worth $3,203,000.
Another notable investment came from Crews Bank & Trust, which purchased a new stake in the ETF valued at $28,000. Additionally, Ledgewood Wealth Advisors LLC and Truist Financial Corp increased their stakes by 0.7% and 1.0%, respectively. Ledgewood now holds 125,029 shares valued at $2,098,000, while Truist has 599,214 shares valued at approximately $10,055,000.
ETF Performance and Profile
The Invesco BulletShares 2030 Corporate Bond ETF opened at $16.94, with a 52-week low of $16.17 and a 52-week high of $17.06. Its 50-day simple moving average stands at $16.89, while its 200-day simple moving average is $16.70.
This exchange-traded fund primarily invests in investment-grade fixed income securities, tracking a market-value-weighted index of USD-denominated corporate investment-grade bonds with effective maturities set for 2030. Launched on September 16, 2020, the ETF is managed by Invesco.
For those interested in further details about hedge fund activities related to the Invesco BulletShares 2030 Corporate Bond ETF, Holdings Channel provides updated information on 13F filings and insider trades.
