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

Shares of Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw an uptick in trading volume on Friday. 1,145,235 shares changed hands during trading, an increase of 119% from the previous session’s volume of 523,655 shares. The stock last traded at $15.8050 and had previously closed at $15.80.

Invesco BulletShares 2031 Corporate Bond ETF Stock Up 0.0%

The firm has a 50 day moving average of $16.18 and a 200-day moving average of $16.35.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.0634 per share. This is a decrease from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.0672. This represents a $0.76 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, September 21st.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in BSCV. Waverly Advisors LLC lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5,276.1% during the second quarter. Waverly Advisors LLC now owns 1,255,637 shares of the company’s stock valued at $20,574,000 after buying an additional 1,232,281 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock worth $174,521,000 after acquiring an additional 541,413 shares in the last quarter. Decker Wealth Management LLC bought a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 1st quarter worth approximately $7,995,000. Red Spruce Capital LLC lifted its position in Invesco BulletShares 2031 Corporate Bond ETF by 915.3% during the second quarter. Red Spruce Capital LLC now owns 422,257 shares of the company’s stock valued at $6,919,000 after acquiring an additional 380,668 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 17.7% in the first quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock valued at $33,717,000 after acquiring an additional 307,897 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.