Procyon Advisors LLC Invests $3.50 Million in Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS)

Procyon Advisors LLC bought a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) during the 4th quarter, HoldingsChannel reports. The fund bought 172,355 shares of the company’s stock, valued at approximately $3,495,000.

Several other large investors also recently modified their holdings of the stock. Morgan Stanley grew its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 43.1% during the 3rd quarter. Morgan Stanley now owns 3,922,417 shares of the company’s stock worth $75,958,000 after purchasing an additional 1,180,982 shares in the last quarter. TruWealth Advisors LLC boosted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 73.7% in the fourth quarter. TruWealth Advisors LLC now owns 2,477,400 shares of the company’s stock valued at $50,242,000 after buying an additional 1,051,001 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 6.5% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,753,692 shares of the company’s stock valued at $33,960,000 after buying an additional 107,577 shares in the last quarter. Brookstone Capital Management bought a new position in Invesco BulletShares 2028 Corporate Bond ETF in the fourth quarter valued at about $32,146,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 78.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,552,262 shares of the company’s stock valued at $31,480,000 after purchasing an additional 681,208 shares in the last quarter.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

Shares of BSCS stock traded down $0.01 during mid-day trading on Thursday, reaching $20.08. 53,422 shares of the stock traded hands, compared to its average volume of 522,743. The stock’s fifty day simple moving average is $20.07 and its two-hundred day simple moving average is $19.82. Invesco BulletShares 2028 Corporate Bond ETF has a 1-year low of $19.07 and a 1-year high of $20.34.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.0736 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.40%. This is a positive change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.01. The ex-dividend date was Monday, March 18th.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.