Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Hits New 52-Week Low – What’s Next?

Shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) reached a new 52-week low on Monday . The company traded as low as $20.30 and last traded at $20.31, with a volume of 22466 shares. The stock had previously closed at $20.39.

Invesco BulletShares 2028 Corporate Bond ETF Price Performance

The business has a 50 day moving average of $20.37 and a two-hundred day moving average of $20.47.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 20th will be issued a dividend of $0.0756 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its position in Invesco BulletShares 2028 Corporate Bond ETF by 37.7% during the fourth quarter. LPL Financial LLC now owns 7,283,905 shares of the company’s stock worth $150,048,000 after acquiring an additional 1,995,326 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the fourth quarter valued at approximately $19,955,000. Invesco Ltd. grew its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 35.4% in the fourth 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 acquired a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the fourth quarter valued at approximately $17,072,000. Finally, Bank of America Corp DE increased its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 20.2% during the first quarter. Bank of America Corp DE now owns 4,466,656 shares of the company’s stock worth $91,223,000 after purchasing 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.