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

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) saw unusually-high trading volume on Monday after the company announced a dividend. Approximately 1,529,269 shares were traded 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. Investors of record on Tuesday, April 23rd will be given a dividend of $0.0604 per share. This is a positive change from Invesco BulletShares 2024 Corporate Bond ETF’s previous monthly dividend of $0.04. This represents a $0.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, April 22nd.

Invesco BulletShares 2024 Corporate Bond ETF Stock Performance

The company has a 50-day moving average of $20.97 and a 200-day moving average of $20.88.

Institutional Investors Weigh In On Invesco BulletShares 2024 Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the stock. SNS Financial Group LLC increased its position in Invesco BulletShares 2024 Corporate Bond ETF by 4.3% in the fourth quarter. SNS Financial Group LLC now owns 926,910 shares of the company’s stock worth $19,359,000 after buying an additional 38,224 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Invesco BulletShares 2024 Corporate Bond ETF by 1.7% in the third quarter. Cornerstone Wealth Management LLC now owns 506,460 shares of the company’s stock worth $10,469,000 after purchasing an additional 8,477 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its stake in shares of Invesco BulletShares 2024 Corporate Bond ETF by 8.3% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 70,351 shares of the company’s stock worth $1,469,000 after purchasing an additional 5,400 shares in the last quarter. Castleview Partners LLC grew its stake in shares of Invesco BulletShares 2024 Corporate Bond ETF by 15.7% in the third quarter. Castleview Partners LLC now owns 82,024 shares of the company’s stock worth $1,695,000 after purchasing an additional 11,118 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco BulletShares 2024 Corporate Bond ETF by 29.2% in the third quarter. Envestnet Asset Management Inc. now owns 550,773 shares of the company’s stock worth $11,384,000 after purchasing an additional 124,455 shares in the last quarter.

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.