Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sets New 52-Week Low – What’s Next?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $16.43 and last traded at $16.4450, with a volume of 20520 shares changing hands. The stock had previously closed at $16.44.

Invesco BulletShares 2030 Corporate Bond ETF Trading Down 0.0%

The company’s 50-day simple moving average is $16.55 and its 200-day simple moving average is $16.67.

Invesco BulletShares 2030 Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.0653 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, August 24th.

Hedge Funds Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of BSCU. Waverly Advisors LLC boosted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 21,913.5% during the 2nd quarter. Waverly Advisors LLC now owns 5,572,712 shares of the company’s stock worth $92,758,000 after acquiring an additional 5,547,397 shares during the period. Morgan Stanley raised its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 24.1% in the 4th quarter. Morgan Stanley now owns 9,598,976 shares of the company’s stock valued at $162,415,000 after acquiring an additional 1,863,230 shares during the period. LPL Financial LLC lifted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 49.3% during the fourth quarter. LPL Financial LLC now owns 5,068,013 shares of the company’s stock worth $85,751,000 after buying an additional 1,673,174 shares in the last quarter. Royal Bank of Canada raised its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 81.3% in the fourth quarter. Royal Bank of Canada now owns 2,502,624 shares of the company’s stock valued at $42,345,000 after buying an additional 1,121,904 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 35.4% in the 4th quarter. Invesco Ltd. now owns 4,233,963 shares of the company’s stock valued at $71,639,000 after acquiring an additional 1,106,773 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.