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

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw unusually-high trading volume on Friday . Approximately 1,184,821 shares traded hands during mid-day trading, an increase of 111% from the previous session’s volume of 562,716 shares.The stock last traded at $16.32 and had previously closed at $16.33.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

The company has a 50-day simple moving average of $16.48 and a 200 day simple moving average of $16.62.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 18th will be given a $0.066 dividend. This is a boost from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Monday, May 18th. This represents a c) annualized dividend and a yield of 4.9%.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Hedge funds have recently bought and sold shares of the business. AlphaCore Capital LLC bought a new position in Invesco BulletShares 2031 Corporate Bond ETF in the 4th quarter valued at $33,000. Ascentis Independent Advisors bought a new position in Invesco BulletShares 2031 Corporate Bond ETF in the 1st quarter valued at $35,000. Farther Finance Advisors LLC grew its position in Invesco BulletShares 2031 Corporate Bond ETF by 248.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,439 shares of the company’s stock valued at $41,000 after acquiring an additional 1,739 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in Invesco BulletShares 2031 Corporate Bond ETF in the 4th quarter valued at $50,000. Finally, Advisory Services Network LLC bought a new position in Invesco BulletShares 2031 Corporate Bond ETF in the 3rd quarter valued at $92,000.

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.