Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sees Strong Trading Volume After Dividend Announcement

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) saw an uptick in trading volume on Monday following a dividend announcement from the company. 775,110 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 259,954 shares.The stock last traded at $16.33 and had previously closed at $16.37.

The newly announced dividend which will be paid on Friday, June 28th. Shareholders of record on Monday, June 24th will be paid a $0.0679 dividend. This represents a $0.81 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend is Monday, June 24th.

Invesco BulletShares 2030 Corporate Bond ETF Stock Down 0.4 %

The firm’s 50 day simple moving average is $16.20 and its two-hundred day simple moving average is $16.33.

Institutional Trading of Invesco BulletShares 2030 Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 14.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 352,400 shares of the company’s stock valued at $5,490,000 after buying an additional 44,601 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 49.4% in the third quarter. LPL Financial LLC now owns 387,978 shares of the company’s stock valued at $6,045,000 after buying an additional 128,362 shares in the last quarter. Sawgrass Asset Management LLC lifted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 31.1% in the third quarter. Sawgrass Asset Management LLC now owns 41,367 shares of the company’s stock valued at $644,000 after buying an additional 9,803 shares in the last quarter. Ancora Advisors LLC lifted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 12.1% in the third quarter. Ancora Advisors LLC now owns 12,697 shares of the company’s stock valued at $198,000 after buying an additional 1,375 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 8.4% during the fourth quarter. Capital Investment Advisors LLC now owns 17,798 shares of the company’s stock valued at $296,000 after purchasing an additional 1,374 shares in the last quarter.

About Invesco BulletShares 2030 Corporate Bond ETF

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate investment grade bonds with effective maturities in 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.