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On Thursday, California-based Carmel Capital Partners disclosed in an SEC filing that it sold out its entire BSCQ position, an estimated $5.87 million trade. What Happened According to a regulatory filing released on Thursday, Carmel Capital Partners liquidated its full position in the Invesco BulletShares 2026 Corporate Bond ETF (BSCQ +0.08%) during the third quarter. The transaction involved selling 300,704 shares for an estimated $5.9 million. No BSCQ shares remain in the portfolio after this sale, per the filing. What Else to Know Top holdings after the filing: NYSE:HD: $32.1 million (13.5% of AUM)NYSEMKT:USFR: $27.2 million (11.4% of AUM)NASDAQ:PLTR: $20.7 million (8.7% of AUM)NYSE:LEN: $12.6 million (5.3% of AUM)NYSEMKT:CLOZ: $5.7 million (2.4% of AUM) As of Friday's market close, BSCQ shares were priced at $19.57, up 0.75% year-over-year. ETF Overview ETF Snapshot BSCQ's investment strategy focuses on tracking an index of U.S. dollar-denominated investment-grade corporate bonds maturing in 2026, aiming to provide a defined maturity profile for investors.The portfolio primarily consists of high-quality corporate bonds maturing or effectively maturing in 2026.The ETF is structured to be transparent and passively managed. Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) offers investors targeted exposure to a diversified basket of investment-grade corporate bonds maturing in 2026. Foolish Take Carmel Capital Partners’ complete exit from the Invesco BulletShares 2026 Corporate Bond ETF (NASDAQ: BSCQ) marks a clear shift toward longer-dated and higher-yielding corporate credit exposure. The move fits within a broader repositioning of Carmel’s fixed-income strategy. Alongside the BSCQ sale, the firm also dumped BSCR and added sizable stakes in the Invesco BulletShares 2031 Corporate Bond ETF (BSCV) and Eldridge’s BBB B-rated Corporate Credit ETF (CLOZ), signaling a tactical shift from near-term maturities to higher-yield, and more flexible, longer-duration holdings.For long-term investors, Carmel’s rotation underscores how as short-term ETFs like BSCQ mature, reinvestment into longer horizons can lock in yields while balancing risk. With defined-maturity ETFs such as BSCV providing clarity on duration and cash flow, Carmel appears to be positioning for a softer rate environment ahead. 13F assets under management (AUM): The total market value of securities reported by institutional investment managers in quarterly SEC 13F filings.Liquidated: Sold off an entire investment position, converting holdings into cash.Allocation: The percentage of a portfolio's total value assigned to a specific asset, sector, or investment.Dividend yield: Annual dividends paid by an investment divided by its current price, shown as a percentage.Total return: The investment's price change plus all dividends and distributions, assuming those payouts are reinvested.Passively managed: An investment strategy aiming to replicate a market index rather than actively selecting securities.Investment grade: Bonds rated as relatively low risk of default by credit rating agencies, typically BBB/Baa or higher.Defined maturity profile: An investment approach where all holdings mature in or around a specific year, providing a set end date.Transparent: Describes funds that fully disclose their holdings and investment strategies to investors.
