Exchange Capital Management Inc. Increases Holdings in Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV)

Exchange Capital Management Inc. grew its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) by 49.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,379 shares of the company’s stock after buying an additional 47,753 shares during the quarter. Exchange Capital Management Inc. owned 0.54% of Invesco BulletShares 2031 Corporate Bond ETF worth $2,327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BSCV. Independence Bank of Kentucky raised its position in Invesco BulletShares 2031 Corporate Bond ETF by 64.7% in the 1st quarter. Independence Bank of Kentucky now owns 36,003 shares of the company’s stock worth $580,000 after purchasing an additional 14,149 shares during the period. Atlantic Union Bankshares Corp raised its position in Invesco BulletShares 2031 Corporate Bond ETF by 21.3% in the 1st quarter. Atlantic Union Bankshares Corp now owns 686,889 shares of the company’s stock worth $11,073,000 after purchasing an additional 120,827 shares during the period. Tlwm raised its position in Invesco BulletShares 2031 Corporate Bond ETF by 22.6% in the 1st quarter. Tlwm now owns 70,556 shares of the company’s stock worth $1,137,000 after purchasing an additional 13,000 shares during the period. Sterling Financial Group Inc. raised its position in Invesco BulletShares 2031 Corporate Bond ETF by 51.1% in the 1st quarter. Sterling Financial Group Inc. now owns 27,137 shares of the company’s stock worth $437,000 after purchasing an additional 9,174 shares during the period. Finally, BCS Wealth Management raised its position in Invesco BulletShares 2031 Corporate Bond ETF by 33.7% in the 1st quarter. BCS Wealth Management now owns 111,211 shares of the company’s stock worth $1,793,000 after purchasing an additional 28,062 shares during the period.

Invesco BulletShares 2031 Corporate Bond ETF Stock Performance

Invesco BulletShares 2031 Corporate Bond ETF stock traded up $0.02 during midday trading on Tuesday, reaching $15.91. The stock had a trading volume of 83,587 shares, compared to its average volume of 127,519. Invesco BulletShares 2031 Corporate Bond ETF has a 52-week low of $14.78 and a 52-week high of $17.85. The company has a fifty day moving average of $15.93 and a 200 day moving average of $16.04.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.0688 dividend. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a $0.83 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Monday, June 24th.

Invesco BulletShares 2031 Corporate Bond ETF 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.