Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Sees Strong Trading Volume Following Dividend Announcement

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) shares saw an uptick in trading volume on Monday after the company announced a dividend. 1,529,269 shares changed hands during mid-day trading, an increase of 48% from the previous session’s volume of 1,035,863 shares.The stock last traded at $20.99 and had previously closed at $21.04.

The newly announced dividend which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 23rd will be paid a $0.0604 dividend. This is a positive change from Invesco BulletShares 2024 Corporate Bond ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.72 annualized dividend and a dividend yield of 3.45%.

Invesco BulletShares 2024 Corporate Bond ETF Price Performance

The company’s 50 day moving average price is $20.97 and its 200 day moving average price is $20.88.

Institutional Trading of Invesco BulletShares 2024 Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC acquired a new stake in Invesco BulletShares 2024 Corporate Bond ETF during the third quarter worth approximately $34,000. Northwest Investment Counselors LLC acquired a new stake in Invesco BulletShares 2024 Corporate Bond ETF during the first quarter worth approximately $36,000. Buck Wealth Strategies LLC acquired a new stake in Invesco BulletShares 2024 Corporate Bond ETF during the third quarter worth approximately $36,000. PSI Advisors LLC raised its holdings in Invesco BulletShares 2024 Corporate Bond ETF by 168.2% during the fourth quarter. PSI Advisors LLC now owns 2,092 shares of the company’s stock worth $44,000 after purchasing an additional 1,312 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in Invesco BulletShares 2024 Corporate Bond ETF during the fourth quarter worth approximately $61,000.

Invesco BulletShares 2024 Corporate Bond ETF Company Profile

The Invesco BulletShares 2024 Corporate Bond ETF (BSCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment-grade corporate bonds maturing in 2024. The fund will unwind in December 2024 and return all capital and proceeds to investors.