Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Sets New 12-Month Low – Here’s Why

Shares of Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $19.51 and last traded at $19.5550, with a volume of 1,202 shares. The stock had previously closed at $19.55.

Invesco BulletShares 2027 Corporate Bond ETF Trading Up 0.0%

The stock’s fifty day simple moving average is $19.59 and its 200 day simple moving average is $19.62.

Invesco BulletShares 2027 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a $0.0690 dividend. This represents a $0.83 annualized dividend and a dividend yield of 4.2%. This is a negative change from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.0697. The ex-dividend date of this dividend was Monday, October 19th.

Institutional Investors Weigh In On Invesco BulletShares 2027 Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of BSCR. Advisortrust Partners LLC purchased a new stake in Invesco BulletShares 2027 Corporate Bond ETF during the 1st quarter valued at $74,000. Marquette Asset Management LLC bought a new stake in shares of Invesco BulletShares 2027 Corporate Bond ETF during the third quarter worth $80,000. Eastern Bank purchased a new stake in shares of Invesco BulletShares 2027 Corporate Bond ETF during the third quarter valued at $119,000. IFP Advisors Inc grew its holdings in shares of Invesco BulletShares 2027 Corporate Bond ETF by 11.7% in the third quarter. IFP Advisors Inc now owns 8,819 shares of the company’s stock worth $172,000 after purchasing an additional 925 shares during the last quarter. Finally, Leo Wealth LLC bought a new position in shares of Invesco BulletShares 2027 Corporate Bond ETF in the third quarter worth about $198,000.

About Invesco BulletShares 2027 Corporate Bond ETF

The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade corporate bonds with effective maturities in 2027. The fund will unwind in December 2027 and return capital and proceeds to investors. BSCR was launched on Sep 27, 2017 and is managed by Invesco.