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

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) shares crossed below its 50 day moving average during trading on Thursday. The stock has a 50 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 trading hands.

Invesco BulletShares 2030 Corporate Bond ETF Stock Performance

The firm’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 declared a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were issued a dividend of $0.0635 per share. This is an increase from Invesco BulletShares 2030 Corporate Bond ETF’s previous monthly dividend of $0.0629. 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. VestGen Advisors LLC acquired a new position in Invesco BulletShares 2030 Corporate Bond ETF during the 3rd quarter worth approximately $2,004,000. Avior Wealth Management LLC bought a new stake in shares of Invesco BulletShares 2030 Corporate Bond ETF during the third quarter worth $2,775,000. Kinetic Wealth Investment Advisors LLC bought a new stake in shares of Invesco BulletShares 2030 Corporate Bond ETF during the second quarter worth $3,429,000. Horizons Wealth Management acquired a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the third quarter worth $3,828,000. Finally, Baird Financial Group Inc. increased its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 30.8% during the second quarter. Baird Financial Group Inc. now owns 1,306,797 shares of the company’s stock worth $21,752,000 after buying an additional 307,396 shares in the last quarter.

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.