Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Reaches New 52-Week Low – Here’s Why

Shares of Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) reached a new 52-week low on Tuesday . The stock traded as low as $16.13 and last traded at $16.1350, with a volume of 168005 shares trading hands. The stock had previously closed at $16.15.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

The business’s fifty day moving average price is $16.27 and its 200 day moving average price is $16.42.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a dividend of $0.0672 per share. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, August 24th. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BSCV. Aptus Capital Advisors LLC boosted its stake in shares of 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 worth $174,521,000 after buying an additional 541,413 shares during the period. Moneco Advisors LLC increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 8.7% in the 4th quarter. Moneco Advisors LLC now owns 1,367,029 shares of the company’s stock valued at $22,823,000 after acquiring an additional 109,751 shares during the period. SFE Investment Counsel increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 57.4% in the 4th quarter. SFE Investment Counsel now owns 91,362 shares of the company’s stock valued at $1,525,000 after acquiring an additional 33,315 shares during the period. Bank of America Corp DE raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 17.7% during the 1st quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock valued at $33,717,000 after acquiring an additional 307,897 shares during the last quarter. Finally, Clearstead Advisors LLC raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 431.7% during the 4th quarter. Clearstead Advisors LLC now owns 71,450 shares of the company’s stock valued at $1,193,000 after acquiring an additional 58,011 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.