Carmel Capital Partners disclosed a full exit from its position in the Invesco BulletShares 2027 Corporate Bond ETF (BSCR) for an estimated $5.9 million. The firm sold 301,243 shares during the third quarter. Top holdings post-filing include NYSE:HD, NYSEMKT:USFR, NASDAQ:PLTR, NYSE:LEN, and NYSEMKT:CLOZ. BSCR shares closed at $19.70 on Friday, up 1% over the past year. The ETF has $4.2 billion in AUM, a yield to maturity of 4.1%, and a 1-year total return of 4.3%. Carmel’s move reflects a shift towards higher-yield, longer-maturity credit investments.

The Invesco BulletShares 2027 Corporate Bond ETF offers defined maturity exposure to investment grade corporate bonds maturing in 2027. Carmel Capital Partners’ rotation strategy showcases a shift towards longer-term opportunities amid a changing interest rate environment. Defined-maturity ETFs like BSCR serve as part of a laddering strategy, adapting to market conditions. Bond investors are increasingly turning to intermediate and longer credit options as fixed income prospects improve.

Read more at Nasdaq.: What This Fund’s $6 Million Exit from a 2027 Bond ETF Should Signal to Long-Term Investors