Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Hits New 1-Year Low – Here’s What Happened

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $16.15 and last traded at $16.16, with a volume of 48975 shares. The stock had previously closed at $16.17.

Invesco BulletShares 2031 Corporate Bond ETF Stock Performance

The company has a 50 day moving average price of $16.29 and a 200-day moving average price of $16.43.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a dividend of $0.0672 per share. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds have recently modified their holdings of BSCV. Integrated Wealth Concepts LLC grew its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 34.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 23,017 shares of the company’s stock worth $375,000 after buying an additional 5,890 shares during the period. NewEdge Advisors LLC lifted its position in Invesco BulletShares 2031 Corporate Bond ETF by 8.1% during the 1st quarter. NewEdge Advisors LLC now owns 65,514 shares of the company’s stock valued at $1,069,000 after acquiring an additional 4,915 shares during the period. Jane Street Group LLC lifted its position in Invesco BulletShares 2031 Corporate Bond ETF by 343.5% during the 1st quarter. Jane Street Group LLC now owns 159,961 shares of the company’s stock valued at $2,609,000 after acquiring an additional 123,893 shares during the period. Cetera Investment Advisers boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 54.5% during the second quarter. Cetera Investment Advisers now owns 39,268 shares of the company’s stock worth $649,000 after acquiring an additional 13,845 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 11,403.3% during the second quarter. JPMorgan Chase & Co. now owns 261,471 shares of the company’s stock worth $4,322,000 after acquiring an additional 259,198 shares in the last quarter.

Invesco BulletShares 2031 Corporate Bond ETF Company Profile

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.