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

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw strong trading volume on Friday . 1,184,821 shares traded hands during 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 Stock Performance

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its holdings in 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 purchasing an additional 541,413 shares during the period. Morgan Stanley increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 52.0% during the 4th quarter. Morgan Stanley now owns 6,129,247 shares of the company’s stock worth $102,328,000 after purchasing an additional 2,096,838 shares during the period. Raymond James Financial Inc. increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 8.0% during the 3rd quarter. Raymond James Financial Inc. now owns 3,744,829 shares of the company’s stock worth $62,464,000 after purchasing an additional 276,360 shares during the period. LPL Financial LLC increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 4.2% during the 4th quarter. LPL Financial LLC now owns 3,683,355 shares of the company’s stock worth $61,494,000 after purchasing an additional 149,128 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 2.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,714,473 shares of the company’s stock worth $45,318,000 after purchasing an additional 73,283 shares during the period.

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.