InvescoBulletShares2033 Corporate Bond ETF (NASDAQ:BSCX) Sees Strong Trading Volume Following Dividend Announcement

Shares of InvescoBulletShares2033 Corporate Bond ETF (NASDAQ:BSCX) saw an uptick in trading volume on Tuesday following a dividend announcement from the company. Approximately 589,140 shares were traded during mid-day trading, an increase of 370% from the previous session’s volume of 125,444 shares.The stock last traded at $20.72 and had previously closed at $20.75.

The newly announced dividend which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 19th will be given a dividend of $0.0924 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.35%. This is a boost from InvescoBulletShares2033 Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date is Monday, May 19th.

InvescoBulletShares2033 Corporate Bond ETF Price Performance

The firm’s fifty day moving average price is $20.77 and its 200-day moving average price is $20.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSCX. Commonwealth Equity Services LLC grew its stake in InvescoBulletShares2033 Corporate Bond ETF by 10.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 81,156 shares of the company’s stock valued at $1,673,000 after acquiring an additional 7,545 shares during the period. Invesco Ltd. lifted its holdings in shares of InvescoBulletShares2033 Corporate Bond ETF by 0.4% during the 4th quarter. Invesco Ltd. now owns 480,431 shares of the company’s stock valued at $9,906,000 after purchasing an additional 2,074 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of InvescoBulletShares2033 Corporate Bond ETF in the 4th quarter valued at approximately $239,000. Community Bank N.A. grew its position in shares of InvescoBulletShares2033 Corporate Bond ETF by 294.2% in the 4th quarter. Community Bank N.A. now owns 2,700 shares of the company’s stock valued at $56,000 after purchasing an additional 2,015 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in InvescoBulletShares2033 Corporate Bond ETF by 12.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,813 shares of the company’s stock worth $244,000 after purchasing an additional 1,321 shares in the last quarter.

InvescoBulletShares2033 Corporate Bond ETF Company Profile

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.