Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sets New 1-Year Low – Here’s Why

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) shares reached a new 52-week low on Monday. The company traded as low as $15.76 and last traded at $15.7850, with a volume of 21828 shares. The stock had previously closed at $15.83.

Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.5%

The company has a fifty day moving average price of $16.16 and a two-hundred day moving average price of $16.34.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a $0.0634 dividend. This is a drop from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.0672. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the company. Ascentis Independent Advisors purchased a new position in Invesco BulletShares 2031 Corporate Bond ETF during the first quarter worth about $35,000. Fifth Third Bancorp increased its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 1,361.6% during the 1st quarter. Fifth Third Bancorp now owns 10,801 shares of the company’s stock worth $178,000 after buying an additional 10,062 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 1st quarter valued at approximately $183,000. PNC Financial Services Group Inc. raised its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 85.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $187,000 after buying an additional 5,158 shares during the period. Finally, Somerset Trust Co acquired a new position in Invesco BulletShares 2031 Corporate Bond ETF in the second quarter valued at approximately $188,000.

About Invesco BulletShares 2031 Corporate Bond ETF

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.