Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sets New 12-Month Low – Time to Sell?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $20.14 and last traded at $20.18, with a volume of 173876 shares trading hands. The stock had previously closed at $20.19.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The stock’s 50-day moving average is $20.39 and its 200-day moving average is $20.65.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.092 per share. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Institutional Trading of Invesco BulletShares 2034 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 8.1% in the third quarter. Raymond James Financial Inc. now owns 2,165,840 shares of the company’s stock worth $45,526,000 after acquiring an additional 161,868 shares in the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter worth approximately $36,534,000. LPL Financial LLC lifted its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 26.0% in the 4th quarter. LPL Financial LLC now owns 1,073,606 shares of the company’s stock worth $22,567,000 after purchasing an additional 221,464 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 55.4% in the 4th quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock worth $17,890,000 after purchasing an additional 303,242 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 6.0% during the fourth quarter. Invesco Ltd. now owns 831,500 shares of the company’s stock worth $17,478,000 after buying an additional 47,000 shares during the last quarter.

About Invesco BulletShares 2034 Corporate Bond ETF

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.