Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Stock Cross Above 50 Day Moving Average – What’s Next?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $15.96 and traded as high as $15.98. Invesco BulletShares 2031 Corporate Bond ETF shares last traded at $15.98, with a volume of 807,149 shares changing hands.

Invesco BulletShares 2031 Corporate Bond ETF Stock Up 0.3%

The stock has a 50 day moving average of $15.96 and a 200 day moving average of $16.35.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a $0.0650 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.0634. The ex-dividend date of this dividend was Monday, October 19th.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Invesco BulletShares 2031 Corporate Bond ETF by 17.7% during the 1st quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock worth $33,717,000 after acquiring an additional 307,897 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 43.1% in the first quarter. NewEdge Advisors LLC now owns 125,177 shares of the company’s stock valued at $2,060,000 after purchasing an additional 37,709 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the third quarter valued at about $40,945,000. Baird Financial Group Inc. grew its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 6.8% in the second quarter. Baird Financial Group Inc. now owns 1,054,065 shares of the company’s stock valued at $17,271,000 after purchasing an additional 66,855 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 10.6% in the first quarter. Royal Bank of Canada now owns 1,382,583 shares of the company’s stock worth $22,758,000 after purchasing an additional 132,450 shares during the period.

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.