앵커 인베스트먼트는 BSCQ 포지션의 거의 전부를 매도 – 2,100만 달러 규모 축소

Key Points

Anchor Investment Management reduced its stake in the Invesco BulletShares 2026 Corporate Bond ETF by 1,078,615 shares -- an estimated $21.1 million transaction -- during Q1 2026, representing roughly 1.7% of the fund's prior-quarter assets under management (AUM).

The sale was a near-total exit: Anchor held 1,092,559 shares heading into the quarter and retained just 13,944 shares, worth approximately $272,000, at quarter's end.

BSCQ is a defined-maturity bond ETF set to wind down in December 2026, which likely played a role in the decision to exit.

• 10 stocks we like better than Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2026orate Bond ETF ›

What happened

According to a recent SEC filing, Anchor Investment Management, LLC sold 1,078,615 shares of the Invesco BulletShares 2026 Corporate Bond ETF (NASDAQ:BSCQ) during the first quarter of 2026. The estimated trade value was $21.1 million, calculated using the average closing price for the quarter.

What else to know

• After the sale, BSCQ represents just 0.02% of Anchor's 13F reportable AUM -- effectively a token position.
• Top holdings after the filing:
• NASDAQ: GOOG/L: $47.0 million (3.9% of AUM)
• NASDAQ: MSFT: $37.7 million (3.1% of AUM)
• NASDAQ: AAPL: $33.0 million (2.8% of AUM)
• NYSE: V: $32.5 million (2.7% of AUM)

• NYSE: SCHB: $30.6 million (2.6% of AUM)

• As of May 1, 2026, shares were trading at $19.54, up roughly 4.5% over the past year -- trailing the S&P 500 by about 25 percentage points, while matching the Target Maturity bond benchmark.

ETF overview

| Metric | Value | |---|---| | AUM | $4.0 billion | | Dividend yield | 4.15% | | Expense ratio | 0.10% | | 1-year return (as of 5/1/26) | 4.46% |

ETF snapshot

The Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) is a passively managed, defined-maturity bond fund that targets U.S. dollar-denominated investment-grade corporate bonds set to mature in 2026.

Investment strategy:Seeks to track the Invesco BulletShares Corporate Bond 2026 Index, using a sampling methodology with monthly rebalancing.Fund structure:Exchange-traded fund with a defined maturity date of Dec. 15, 2026, offering periodic income distributions and a predictable timeline for principal return.Investor appeal:Designed for investors who want to align fixed-income allocations with a specific maturity horizon while maintaining diversified, investment-grade exposure.

What this transaction means for investors

This looks less like a vote of no-confidence and more like a natural wind-down decision. BSCQ is a defined-maturity ETF -- meaning it is designed to mature and return capital to investors on Dec. 15, 2026. With the fund now less than eight months from that finish line, it makes perfect sense for institutional holders like Anchor to begin closing out or dramatically trimming their positions. The return profile is largely locked in at this stage, and the incremental value of holding the remaining shares is modest.

For context, Anchor previously held more than 1 million BSCQ shares -- worth about $21.4 million, or roughly 1.7% of its prior-quarter AUM. That was a meaningful position for a fund primarily focused on equities. The near-complete exit brings that exposure down to a rounding error.

It is worth noting that BSCQ has trailed the broader market by a wide margin over the past year -- that is by design. Short-duration investment-grade bond ETFs are not built for capital appreciation; they are built for income and capital preservation. With a 4.15% annualized yield and a hard maturity date, BSCQ appeals to conservative investors who want a defined, predictable outcome -- not equity-style returns. For investors approaching a fixed spending goal in late 2026, a fund like BSCQ can still play a useful role in a portfolio. But for an equity-centric manager like Anchor, exiting ahead of maturity is simply good housekeeping.

Should you buy stock in Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2026orate Bond ETF right now?

Before you buy stock in Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2026orate Bond ETF, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2026orate Bond ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $496,473! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,216,605!

Now, it’s worth noting Stock Advisor’s total average return is 968% — a market-crushing outperformance compared to 202% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

**Stock Advisor returns as of May 4, 2026. *

*Andy Gould has positions in Alphabet, Apple, and Visa and has the following options: short May 2026 $400 calls on Alphabet. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Visa. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.