Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Reaches New 52-Week Low – Time to Sell?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $16.13 and last traded at $16.1350, with a volume of 168005 shares. The stock had previously closed at $16.15.

Invesco BulletShares 2031 Corporate Bond ETF Stock Down 0.2%

The firm’s 50-day moving average price is $16.26 and its two-hundred day moving average price is $16.41.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.0672 per share. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Institutional investors have recently made changes to their positions in the company. Ironwood Wealth Management LLC. increased its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 2.2% during the 1st quarter. Ironwood Wealth Management LLC. now owns 32,410 shares of the company’s stock worth $533,000 after purchasing an additional 700 shares during the last quarter. Apella Capital LLC boosted its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 1.9% in the second quarter. Apella Capital LLC now owns 47,485 shares of the company’s stock worth $777,000 after purchasing an additional 898 shares in the last quarter. Straight Path Wealth Management boosted its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 0.4% in the second quarter. Straight Path Wealth Management now owns 263,721 shares of the company’s stock worth $4,321,000 after purchasing an additional 1,009 shares in the last quarter. Redwood Financial Network Corp increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 10.2% during the second quarter. Redwood Financial Network Corp now owns 12,883 shares of the company’s stock worth $213,000 after buying an additional 1,197 shares during the last quarter. Finally, FCA Corp TX increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 2.8% during the fourth quarter. FCA Corp TX now owns 47,719 shares of the company’s stock worth $797,000 after buying an additional 1,290 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.