Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Hits New 12-Month Low – What’s Next?

Shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.15 and last traded at $20.16, with a volume of 585407 shares. The stock had previously closed at $20.24.

Invesco BulletShares 2028 Corporate Bond ETF Stock Down 0.2%

The company’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $20.37.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be given a dividend of $0.0744 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, September 21st.

Institutional Trading of Invesco BulletShares 2028 Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSCS. Advisortrust Partners LLC acquired a new stake in Invesco BulletShares 2028 Corporate Bond ETF during the first quarter valued at approximately $74,000. Sarver Vrooman Wealth Advisors grew its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 26.7% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 3,919 shares of the company’s stock valued at $81,000 after purchasing an additional 827 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 81.2% in the 1st quarter. International Assets Investment Management LLC now owns 3,980 shares of the company’s stock worth $81,000 after buying an additional 1,784 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the 4th quarter worth approximately $150,000. Finally, Global Retirement Partners LLC lifted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 15.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,352 shares of the company’s stock worth $151,000 after buying an additional 972 shares during the period.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

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.