Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sets New 52-Week Low – Should You Sell?

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) shares reached a new 52-week low during trading on Monday . The stock traded as low as $20.30 and last traded at $20.31, with a volume of 35905 shares. The stock had previously closed at $20.40.

Invesco BulletShares 2028 Corporate Bond ETF Stock Down 0.4%

The business has a 50 day moving average price of $20.41 and a two-hundred day moving average price of $20.51.

Invesco BulletShares 2028 Corporate Bond ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a $0.0753 dividend. The ex-dividend date of this dividend is Monday, June 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 37.7% in the fourth quarter. LPL Financial LLC now owns 7,283,905 shares of the company’s stock worth $150,048,000 after purchasing an additional 1,995,326 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Invesco BulletShares 2028 Corporate Bond ETF during the 4th quarter valued at approximately $19,955,000. Invesco Ltd. raised its position in Invesco BulletShares 2028 Corporate Bond ETF by 35.4% during the 4th quarter. Invesco Ltd. now owns 3,291,013 shares of the company’s stock valued at $67,795,000 after purchasing an additional 859,871 shares during the last quarter. Rothschild Wealth LLC bought a new position in Invesco BulletShares 2028 Corporate Bond ETF during the 4th quarter valued at approximately $17,072,000. Finally, Bank of America Corp DE lifted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 20.2% in the 1st quarter. Bank of America Corp DE now owns 4,466,656 shares of the company’s stock worth $91,223,000 after buying an additional 752,039 shares during the period.

About Invesco BulletShares 2028 Corporate Bond ETF

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.