Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sees Strong Trading Volume – Here’s What Happened

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) shares saw unusually-high trading volume on Friday. 1,869,740 shares changed hands during mid-day trading, an increase of 225% from the average daily volume of 574,917 shares. The stock last traded at $16.0250 and had previously closed at $16.05.

Invesco BulletShares 2031 Corporate Bond ETF Stock Down 0.1%

The business’s 50 day moving average is $15.94 and its 200-day moving average is $16.34.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BSCV. Avior Wealth Management LLC acquired a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF in the third quarter valued at $40,945,000. Hengehold Capital Management LLC acquired a new stake in Invesco BulletShares 2031 Corporate Bond ETF during the third quarter worth $38,809,000. Moneco Advisors LLC acquired a new stake in Invesco BulletShares 2031 Corporate Bond ETF during the third quarter worth $27,031,000. Waverly Advisors LLC increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 5,276.1% in the 2nd 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 period. Finally, GPM Growth Investors Inc. bought a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the 3rd quarter valued at $15,611,000.

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.