Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Large Volume Increase – What’s Next?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw an uptick in trading volume on Friday . 1,184,821 shares traded hands during trading, an increase of 111% from the previous session’s volume of 562,716 shares.The stock last traded at $16.32 and had previously closed at $16.33.

Invesco BulletShares 2031 Corporate Bond ETF Stock Performance

The firm has a 50-day simple moving average of $16.47 and a two-hundred day simple moving average of $16.62.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were given a dividend of $0.066 per share. The ex-dividend date of this dividend was Monday, May 18th. This is a positive change from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 4.9%.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Coastline Complete Wealth LLC increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 1,175.5% during the first quarter. Coastline Complete Wealth LLC now owns 234,726 shares of the company’s stock worth $3,864,000 after buying an additional 216,324 shares in the last quarter. Bank of America Corp DE increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 17.7% during the first quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock worth $33,717,000 after buying an additional 307,897 shares in the last quarter. Royal Bank of Canada increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 10.6% during the first quarter. Royal Bank of Canada now owns 1,382,583 shares of the company’s stock worth $22,758,000 after buying an additional 132,450 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in Invesco BulletShares 2031 Corporate Bond ETF during the first quarter worth $183,000. Finally, FCA Corp TX increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 9.3% during the first quarter. FCA Corp TX now owns 52,146 shares of the company’s stock worth $858,000 after buying an additional 4,427 shares in the last quarter.

Invesco BulletShares 2031 Corporate Bond ETF Company Profile

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.