Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sets New 12-Month Low – Should You Sell?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $16.43 and last traded at $16.4450, with a volume of 20520 shares traded. The stock had previously closed at $16.44.

Invesco BulletShares 2030 Corporate Bond ETF Stock Down 0.5%

The business’s 50-day moving average price is $16.54 and its 200-day moving average price is $16.66.

Invesco BulletShares 2030 Corporate Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a $0.0653 dividend. 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 4.8%.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of BSCU. Waverly Advisors LLC lifted its stake in Invesco BulletShares 2030 Corporate Bond ETF by 21,913.5% in the second quarter. Waverly Advisors LLC now owns 5,572,712 shares of the company’s stock valued at $92,758,000 after buying an additional 5,547,397 shares during the period. Morgan Stanley increased its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 24.1% during the fourth quarter. Morgan Stanley now owns 9,598,976 shares of the company’s stock worth $162,415,000 after acquiring an additional 1,863,230 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 49.3% in the 4th quarter. LPL Financial LLC now owns 5,068,013 shares of the company’s stock valued at $85,751,000 after purchasing an additional 1,673,174 shares during the period. Royal Bank of Canada raised its position in Invesco BulletShares 2030 Corporate Bond ETF by 81.3% in the 4th quarter. Royal Bank of Canada now owns 2,502,624 shares of the company’s stock valued at $42,345,000 after buying an additional 1,121,904 shares during the last quarter. Finally, Invesco Ltd. grew its position in Invesco BulletShares 2030 Corporate Bond ETF by 35.4% in the fourth quarter. Invesco Ltd. now owns 4,233,963 shares of the company’s stock valued at $71,639,000 after purchasing an additional 1,106,773 shares in the last quarter.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.