Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Hits New 1-Year Low – Should You Sell?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $16.30 and last traded at $16.33, with a volume of 668080 shares changing hands. The stock had previously closed at $16.33.

Invesco BulletShares 2030 Corporate Bond ETF Price Performance

The company’s fifty day simple moving average is $16.51 and its two-hundred day simple moving average is $16.65.

Invesco BulletShares 2030 Corporate Bond ETF Dividend Announcement

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

Institutional Trading of Invesco BulletShares 2030 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in BSCU. Aptus Capital Advisors LLC boosted its stake in Invesco BulletShares 2030 Corporate Bond ETF by 5.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 9,060,043 shares of the company’s stock valued at $153,296,000 after purchasing an additional 477,730 shares during the period. Lido Advisors LLC lifted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 7.5% during the first quarter. Lido Advisors LLC now owns 8,438,015 shares of the company’s stock worth $141,076,000 after buying an additional 587,893 shares in the last quarter. Waverly Advisors LLC lifted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 21,913.5% during the second quarter. Waverly Advisors LLC now owns 5,572,712 shares of the company’s stock worth $92,758,000 after buying an additional 5,547,397 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 7.4% during the fourth quarter. Clearstead Advisors LLC now owns 3,580,586 shares of the company’s stock worth $60,584,000 after buying an additional 245,555 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 11.5% in the first quarter. Bank of America Corp DE now owns 2,780,691 shares of the company’s stock valued at $46,490,000 after acquiring an additional 286,582 shares during the period.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

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.