Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sets New 52-Week Low – Should You Sell?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.93 and last traded at $15.9450, with a volume of 14778 shares. The stock had previously closed at $16.03.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

The firm’s fifty day moving average price is $16.21 and its 200 day moving average price is $16.37.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Investors of record on Monday, September 21st will be paid a $0.0634 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aptus Capital Advisors LLC boosted its position in Invesco BulletShares 2031 Corporate Bond ETF by 5.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock valued at $174,521,000 after purchasing an additional 541,413 shares in the last quarter. Bank of America Corp DE grew its stake in Invesco BulletShares 2031 Corporate Bond ETF by 17.7% in the first quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock valued at $33,717,000 after purchasing an additional 307,897 shares during the last quarter. Royal Bank of Canada raised its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 10.6% in the first quarter. Royal Bank of Canada now owns 1,382,583 shares of the company’s stock worth $22,758,000 after purchasing an additional 132,450 shares in the last quarter. Capital Investment Counsel LLC raised its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 1.9% in the first quarter. Capital Investment Counsel LLC now owns 1,310,877 shares of the company’s stock worth $21,577,000 after purchasing an additional 24,594 shares in the last quarter. Finally, Waverly Advisors LLC lifted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5,276.1% during the second quarter. Waverly Advisors LLC now owns 1,255,637 shares of the company’s stock valued at $20,574,000 after buying an additional 1,232,281 shares during the last quarter.

Invesco BulletShares 2031 Corporate Bond ETF Company Profile

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.