Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Stock Price Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $19.82 and traded as low as $19.75. Invesco BulletShares 2034 Corporate Bond ETF shares last traded at $19.75, with a volume of 185,720 shares trading hands.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The company’s 50-day moving average price is $19.82 and its two-hundred day moving average price is $20.47.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a dividend of $0.0853 per share. This is an increase from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0809. The ex-dividend date of this dividend was Monday, October 19th. This represents a $1.02 dividend on an annualized basis and a yield of 5.2%.

Institutional Trading of Invesco BulletShares 2034 Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of BSCY. Bank of New Hampshire purchased a new position in Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter worth $73,000. Marquette Asset Management LLC bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter valued at $91,000. Davis Capital Management bought a new position in Invesco BulletShares 2034 Corporate Bond ETF in the 3rd quarter worth about $131,000. Daybright Advisory Services Inc. purchased a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter valued at $161,000. Finally, Waverly Advisors LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 1st quarter valued at about $204,000.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

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.