Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Share Price Cross Below 50 Day Moving Average – Here’s Why

Shares of Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $16.27 and traded as low as $16.22. Invesco BulletShares 2030 Corporate Bond ETF shares last traded at $16.23, with a volume of 850,679 shares changing hands.

Invesco BulletShares 2030 Corporate Bond ETF Trading Down 0.3%

The stock’s 50-day simple moving average is $16.27 and its 200 day simple moving average is $16.60.

Invesco BulletShares 2030 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a $0.0635 dividend. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Invesco BulletShares 2030 Corporate Bond ETF’s previous monthly dividend of $0.0629.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. Novare Capital Management LLC bought a new stake in Invesco BulletShares 2030 Corporate Bond ETF in the third quarter worth approximately $3,545,000. Cvfg LLC acquired a new position in Invesco BulletShares 2030 Corporate Bond ETF in the third quarter valued at approximately $11,335,000. Red Oak Financial Group LLC bought a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the 3rd quarter worth approximately $323,000. Private Advisor Group LLC bought a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the 3rd quarter worth approximately $2,678,000. Finally, Focus Advisor Solutions LLC acquired a new stake in shares of Invesco BulletShares 2030 Corporate Bond ETF during the 3rd quarter worth approximately $316,000.

About Invesco BulletShares 2030 Corporate Bond ETF

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.