Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Reaches New 12-Month Low – What’s Next?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $16.23 and last traded at $16.23, with a volume of 123855 shares changing hands. The stock had previously closed at $16.26.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

The business’s 50-day moving average price is $16.37 and its 200-day moving average price is $16.52.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 20th will be paid a $0.065 dividend. This represents a c) annualized dividend and a yield of 4.8%. This is a positive change from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date is Monday, July 20th.

Hedge Funds Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

A number of large investors have recently made changes to their positions in BSCV. Integrated Wealth Concepts LLC boosted its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 34.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 23,017 shares of the company’s stock worth $375,000 after purchasing an additional 5,890 shares in the last quarter. NewEdge Advisors LLC increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 8.1% during the 1st quarter. NewEdge Advisors LLC now owns 65,514 shares of the company’s stock valued at $1,069,000 after buying an additional 4,915 shares in the last quarter. Jane Street Group LLC increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 343.5% during the 1st quarter. Jane Street Group LLC now owns 159,961 shares of the company’s stock valued at $2,609,000 after buying an additional 123,893 shares in the last quarter. Cetera Investment Advisers raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 54.5% in the second quarter. Cetera Investment Advisers now owns 39,268 shares of the company’s stock valued at $649,000 after buying an additional 13,845 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Invesco BulletShares 2031 Corporate Bond ETF by 11,403.3% in the second quarter. JPMorgan Chase & Co. now owns 261,471 shares of the company’s stock valued at $4,322,000 after buying an additional 259,198 shares during the last quarter.

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.