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

Shares of Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) saw strong trading volume on Wednesday . 727,043 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 410,643 shares.The stock last traded at $16.00 and had previously closed at $15.99.

Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.7 %

The stock’s fifty day moving average price is $16.18 and its 200 day moving average price is $16.32.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.062 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BSCV. Aptus Capital Advisors LLC increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 37.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 2,438,652 shares of the company’s stock worth $40,652,000 after buying an additional 667,135 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 8.3% during the 3rd quarter. Raymond James & Associates now owns 2,019,829 shares of the company’s stock valued at $33,671,000 after acquiring an additional 154,516 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 15.1% in the third quarter. Atlantic Union Bankshares Corp now owns 973,733 shares of the company’s stock worth $16,230,000 after acquiring an additional 128,015 shares during the period. Capital Investment Counsel LLC raised its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 166.0% during the third quarter. Capital Investment Counsel LLC now owns 805,406 shares of the company’s stock valued at $13,426,000 after purchasing an additional 502,651 shares during the last quarter. Finally, Kaye Capital Management lifted its position in Invesco BulletShares 2031 Corporate Bond ETF by 1.2% during the third quarter. Kaye Capital Management now owns 622,594 shares of the company’s stock valued at $10,379,000 after purchasing an additional 7,665 shares during the period.

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.