Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) Sees Strong Trading Volume – Still a Buy?

Invesco BulletShares 2024 Corporate Bond ETF (NASDAQ:BSCO) saw unusually-strong trading volume on Tuesday . Approximately 1,083,436 shares were traded during mid-day trading, an increase of 32% from the previous session’s volume of 823,730 shares.The stock last traded at $21.12 and had previously closed at $21.11.

Invesco BulletShares 2024 Corporate Bond ETF Trading Up 0.0 %

The firm’s 50-day moving average is $21.13 and its 200-day moving average is $21.08.

Invesco BulletShares 2024 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 21st were given a dividend of $0.082 per share. This is an increase from Invesco BulletShares 2024 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, October 21st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.66%.

Hedge Funds Weigh In On Invesco BulletShares 2024 Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Invesco BulletShares 2024 Corporate Bond ETF in the third quarter worth about $26,000. Larson Financial Group LLC raised its stake in Invesco BulletShares 2024 Corporate Bond ETF by 74.6% during the 1st quarter. Larson Financial Group LLC now owns 1,461 shares of the company’s stock worth $31,000 after acquiring an additional 624 shares during the period. Mather Group LLC. lifted its holdings in Invesco BulletShares 2024 Corporate Bond ETF by 292.5% during the second quarter. Mather Group LLC. now owns 1,680 shares of the company’s stock valued at $35,000 after purchasing an additional 1,252 shares in the last quarter. Unique Wealth Strategies LLC bought a new position in shares of Invesco BulletShares 2024 Corporate Bond ETF in the second quarter worth approximately $36,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Invesco BulletShares 2024 Corporate Bond ETF in the third quarter worth $37,000.

About Invesco BulletShares 2024 Corporate Bond ETF

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.