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 Tuesday . 1,305,266 shares traded hands during mid-day trading, an increase of 262% from the previous session’s volume of 361,006 shares.The stock last traded at $16.6550 and had previously closed at $16.66.

Invesco BulletShares 2031 Corporate Bond ETF Trading Up 0.2%

The stock’s 50-day simple moving average is $16.71 and its 200 day simple moving average is $16.62.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.0627 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 4.5%.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Compound Planning Inc. bought a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the 1st quarter worth approximately $164,000. Kestra Advisory Services LLC raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 8.0% during the first quarter. Kestra Advisory Services LLC now owns 96,258 shares of the company’s stock worth $1,570,000 after acquiring an additional 7,121 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 13.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 14,944 shares of the company’s stock worth $244,000 after acquiring an additional 1,756 shares during the last quarter. Comerica Bank boosted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 534.8% in the 1st quarter. Comerica Bank now owns 33,659 shares of the company’s stock valued at $549,000 after purchasing an additional 28,357 shares in the last quarter. Finally, Hanover Advisors Inc. boosted its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 60.5% in the 1st quarter. Hanover Advisors Inc. now owns 24,246 shares of the company’s stock valued at $395,000 after purchasing an additional 9,144 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.