Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Reaches New 52-Week Low – Should You Sell?

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $18.33 and last traded at $18.3350, with a volume of 625066 shares trading hands. The stock had previously closed at $18.35.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $18.50 and its two-hundred day simple moving average is $18.60.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.0702 per share. This is a positive change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 4.6%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BSCT. AlphaCore Capital LLC acquired a new position in shares of Invesco BulletShares 2029 Corporate Bond ETF in the 4th quarter worth approximately $34,000. Rockefeller Capital Management L.P. increased its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 41.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock worth $44,000 after buying an additional 681 shares during the period. Topsail Wealth Management LLC raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 60.0% during the first quarter. Topsail Wealth Management LLC now owns 2,400 shares of the company’s stock worth $45,000 after buying an additional 900 shares during the last quarter. IFP Advisors Inc raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 21.5% during the fourth quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock worth $59,000 after buying an additional 551 shares during the last quarter. Finally, Advisortrust Partners LLC bought a new position in Invesco BulletShares 2029 Corporate Bond ETF during the first quarter worth $74,000.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.