What This Fund's $6 Million Exit from a 2027 Bond ETF Should Signal to Long-Term Investors

Core Insights - Carmel Capital Partners has fully exited its position in the Invesco BulletShares 2027 Corporate Bond ETF (BSCR), selling 301,243 shares for an estimated $5.9 million during the third quarter [2][6][7] Group 1: Company Actions - The complete sale of BSCR shares was disclosed in a regulatory filing, indicating a strategic shift in investment focus [2][13] - This exit is part of a broader trend where Carmel is reallocating investments from shorter-duration debt to higher-yield and longer-maturity credit [6][7] Group 2: ETF Overview - The Invesco BulletShares 2027 Corporate Bond ETF has an Assets Under Management (AUM) of $4.2 billion and a yield to maturity of 4.1% [4][5] - As of the latest market close, BSCR shares were priced at $19.70, reflecting a 1% increase over the past year [3][4] Group 3: Market Trends - The movement away from BSCR aligns with a broader theme among bond investors, as capital is increasingly flowing into intermediate and longer credit due to a more favorable outlook for fixed income [10]