Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Unusually-High Trading Volume – Should You Buy?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) shares saw an uptick in trading volume on Friday . Approximately 330,935 shares traded hands during trading, a decline of 39% from the previous session’s volume of 540,181 shares.The stock last traded at $16.18 and had previously closed at $16.17.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

The business’s 50-day moving average is $16.36 and its two-hundred day moving average is $16.52.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 20th will be issued a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, July 20th. This is a positive change from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC boosted its position in Invesco BulletShares 2031 Corporate Bond ETF by 5.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock valued at $174,521,000 after purchasing an additional 541,413 shares during the last quarter. Morgan Stanley increased its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 52.0% during the 4th quarter. Morgan Stanley now owns 6,129,247 shares of the company’s stock worth $102,328,000 after purchasing an additional 2,096,838 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 8.0% during the 3rd quarter. Raymond James Financial Inc. now owns 3,744,829 shares of the company’s stock worth $62,464,000 after purchasing an additional 276,360 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 4.2% during the 4th quarter. LPL Financial LLC now owns 3,683,355 shares of the company’s stock worth $61,494,000 after purchasing an additional 149,128 shares in the last quarter. Finally, Hills Bank & Trust Co raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 20.6% during the 4th quarter. Hills Bank & Trust Co now owns 2,389,461 shares of the company’s stock worth $39,892,000 after purchasing an additional 407,958 shares in the last quarter.

About Invesco BulletShares 2031 Corporate Bond ETF

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.