Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Hits New 12-Month Low – Should You Sell?

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.33 and last traded at $18.3350, with a volume of 625066 shares traded. The stock had previously closed at $18.35.

Invesco BulletShares 2029 Corporate Bond ETF Trading Up 0.2%

The business has a 50 day simple moving average of $18.50 and a two-hundred day simple moving average of $18.59.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a $0.0702 dividend. This is a boost from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Anchor Investment Management LLC increased its holdings in Invesco BulletShares 2029 Corporate Bond ETF by 9.2% in the second quarter. Anchor Investment Management LLC now owns 1,243,500 shares of the company’s stock valued at $23,098,000 after buying an additional 104,382 shares during the last quarter. Van Hulzen Asset Management LLC bought a new position in Invesco BulletShares 2029 Corporate Bond ETF during the second quarter worth $187,000. Insight Wealth Partners LLC increased its stake in Invesco BulletShares 2029 Corporate Bond ETF by 2.8% during the second quarter. Insight Wealth Partners LLC now owns 29,677 shares of the company’s stock valued at $551,000 after purchasing an additional 802 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 17.6% during the second quarter. Integrated Wealth Concepts LLC now owns 160,831 shares of the company’s stock worth $2,987,000 after purchasing an additional 24,034 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 791,027 shares of the company’s stock valued at $14,693,000 after buying an additional 5,267 shares during the period.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.