Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Hits New 1-Year Low – Time to Sell?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) reached a new 52-week low during trading on Monday . The stock traded as low as $15.93 and last traded at $15.9450, with a volume of 14778 shares traded. The stock had previously closed at $16.03.

Invesco BulletShares 2031 Corporate Bond ETF Stock Down 0.2%

The company’s 50 day simple moving average is $16.21 and its two-hundred day simple moving average is $16.37.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be given a $0.0634 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BSCV. Waverly Advisors LLC grew its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5,276.1% during the second quarter. Waverly Advisors LLC now owns 1,255,637 shares of the company’s stock worth $20,574,000 after acquiring an additional 1,232,281 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 10,453,481 shares of the company’s stock valued at $174,521,000 after purchasing an additional 541,413 shares during the last quarter. Decker Wealth Management LLC purchased a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF in the 1st quarter valued at approximately $7,995,000. Red Spruce Capital LLC grew its position in Invesco BulletShares 2031 Corporate Bond ETF by 915.3% during the 2nd quarter. Red Spruce Capital LLC now owns 422,257 shares of the company’s stock worth $6,919,000 after purchasing an additional 380,668 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Invesco BulletShares 2031 Corporate Bond ETF by 17.7% during the 1st quarter. Bank of America Corp DE now owns 2,048,401 shares of the company’s stock worth $33,717,000 after purchasing an additional 307,897 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.