Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Unusually-High Trading Volume – Here’s Why

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) shares saw an uptick in trading volume on Friday . 330,935 shares were traded 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 Trading Up 0.2%

The stock’s 50-day simple moving average is $16.36 and its 200 day simple moving average is $16.52.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

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

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of BSCV. Morgan Stanley increased its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 52.0% during the fourth 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 period. Stifel Financial Corp boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 696.8% in the 4th quarter. Stifel Financial Corp now owns 1,192,130 shares of the company’s stock valued at $19,903,000 after purchasing an additional 1,042,509 shares during the period. Focus Partners Wealth boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 1,561.8% in the 4th quarter. Focus Partners Wealth now owns 838,452 shares of the company’s stock valued at $13,998,000 after purchasing an additional 787,997 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 2,342.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 574,549 shares of the company’s stock valued at $9,592,000 after buying an additional 551,028 shares in the last quarter. Finally, Legacy Financial Group LLC acquired a new position in Invesco BulletShares 2031 Corporate Bond ETF in the 4th quarter valued at $9,169,000.

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.