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

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) saw unusually-high trading volume on Monday following a dividend announcement from the company. Approximately 775,110 shares changed hands 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 issued a dividend of $0.0679 per share. This represents a $0.81 annualized dividend and a yield of 5.01%. The ex-dividend date is Monday, June 24th.

Invesco BulletShares 2030 Corporate Bond ETF Stock Performance

The firm has a fifty day simple moving average of $16.20 and a two-hundred day simple moving average of $16.33.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several institutional investors have recently modified their holdings of BSCU. Timber Creek Capital Management LLC raised its position in Invesco BulletShares 2030 Corporate Bond ETF by 3.1% during the 1st quarter. Timber Creek Capital Management LLC now owns 49,717 shares of the company’s stock valued at $815,000 after purchasing an additional 1,501 shares in the last quarter. MONECO Advisors LLC acquired a new stake in Invesco BulletShares 2030 Corporate Bond ETF during the 4th quarter worth about $313,000. LPL Financial LLC lifted its position in Invesco BulletShares 2030 Corporate Bond ETF by 49.4% during the 3rd quarter. LPL Financial LLC now owns 387,978 shares of the company’s stock worth $6,045,000 after acquiring an additional 128,362 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 44.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 688,559 shares of the company’s stock valued at $11,285,000 after buying an additional 211,466 shares during the period. Finally, Country Club Bank GFN lifted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 0.7% in the 4th quarter. Country Club Bank GFN now owns 260,684 shares of the company’s stock valued at $4,343,000 after buying an additional 1,813 shares during the period.

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.