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

InvescoBulletShares2033 Corporate Bond ETF (NASDAQ:BSCX) saw unusually-strong 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. Shareholders of record on Monday, May 19th will be given a $0.0924 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.11 annualized dividend and a yield of 5.35%. This is an increase from InvescoBulletShares2033 Corporate Bond ETF’s previous monthly dividend of $0.09.

InvescoBulletShares2033 Corporate Bond ETF Stock Down 0.1%

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

Hedge Funds Weigh In On InvescoBulletShares2033 Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the company. Aptus Capital Advisors LLC bought a new position in InvescoBulletShares2033 Corporate Bond ETF during the 1st quarter valued at approximately $80,092,000. Raymond James Financial Inc. bought a new position in shares of InvescoBulletShares2033 Corporate Bond ETF during the fourth quarter valued at approximately $65,081,000. Ameriprise Financial Inc. lifted its stake in InvescoBulletShares2033 Corporate Bond ETF by 8.4% in the first quarter. Ameriprise Financial Inc. now owns 2,235,852 shares of the company’s stock worth $46,708,000 after acquiring an additional 173,745 shares during the period. LPL Financial LLC boosted its holdings in InvescoBulletShares2033 Corporate Bond ETF by 20.8% in the first quarter. LPL Financial LLC now owns 1,262,794 shares of the company’s stock valued at $26,380,000 after acquiring an additional 217,669 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of InvescoBulletShares2033 Corporate Bond ETF by 130.3% in the 1st quarter. Invesco Ltd. now owns 1,106,644 shares of the company’s stock worth $23,118,000 after purchasing an additional 626,213 shares during the period.

About InvescoBulletShares2033 Corporate Bond ETF

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.