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

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) shares saw unusually-strong trading volume on Friday. Approximately 1,869,740 shares changed hands during 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 Price Performance

The stock’s 50 day moving average is $15.94 and its two-hundred day moving average is $16.34.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several large investors have recently modified their holdings of BSCV. Fifth Third Bancorp lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 6.9% during the 3rd quarter. Fifth Third Bancorp now owns 11,394 shares of the company’s stock worth $180,000 after buying an additional 740 shares during the period. Apella Capital LLC boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 1.9% in the 2nd quarter. Apella Capital LLC now owns 47,485 shares of the company’s stock valued at $777,000 after buying an additional 898 shares in the last quarter. Straight Path Wealth Management grew its position in Invesco BulletShares 2031 Corporate Bond ETF by 0.4% in the second quarter. Straight Path Wealth Management now owns 263,721 shares of the company’s stock valued at $4,321,000 after acquiring an additional 1,009 shares during the period. Eastern Bank bought a new stake in Invesco BulletShares 2031 Corporate Bond ETF in the third quarter valued at $32,000. Finally, Kestra Advisory Services LLC raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 1.7% during the first quarter. Kestra Advisory Services LLC now owns 121,226 shares of the company’s stock worth $1,995,000 after acquiring an additional 2,035 shares in the last quarter.

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.