Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sets New 12-Month Low – Here’s What Happened

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.33 and last traded at $20.33, with a volume of 6589 shares traded. The stock had previously closed at $20.37.

Invesco BulletShares 2034 Corporate Bond ETF Trading Down 0.1%

The stock’s 50-day moving average is $20.62 and its 200-day moving average is $20.82.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 20th will be given a dividend of $0.0885 per share. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Several large investors have recently modified their holdings of BSCY. Royal Bank of Canada boosted its position in Invesco BulletShares 2034 Corporate Bond ETF by 59.5% during the 1st quarter. Royal Bank of Canada now owns 74,972 shares of the company’s stock valued at $1,536,000 after purchasing an additional 27,960 shares during the period. HUB Investment Partners LLC lifted its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 95.3% in the 2nd quarter. HUB Investment Partners LLC now owns 70,769 shares of the company’s stock valued at $1,468,000 after acquiring an additional 34,540 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 7.9% in the 2nd quarter. Raymond James Financial Inc. now owns 2,003,972 shares of the company’s stock worth $41,582,000 after purchasing an additional 145,867 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 2nd quarter worth approximately $3,242,000. Finally, Bank of America Corp DE boosted its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 75.1% during the 2nd quarter. Bank of America Corp DE now owns 65,993 shares of the company’s stock worth $1,369,000 after acquiring an additional 28,312 shares in the last quarter.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.