Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Hits New 52-Week Low – What’s Next?

Shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.23 and last traded at $20.24, with a volume of 524386 shares traded. The stock had previously closed at $20.24.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

The company’s 50 day simple moving average is $20.32 and its 200 day simple moving average is $20.39.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.0765 per share. This is a boost from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Trading of Invesco BulletShares 2028 Corporate Bond ETF

Institutional investors have recently modified their holdings of the company. Waverly Advisors LLC boosted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 16,298.3% in the 2nd quarter. Waverly Advisors LLC now owns 4,637,273 shares of the company’s stock valued at $94,438,000 after purchasing an additional 4,608,994 shares during the period. LPL Financial LLC increased its stake in Invesco BulletShares 2028 Corporate Bond ETF by 37.7% in the 4th quarter. LPL Financial LLC now owns 7,283,905 shares of the company’s stock worth $150,048,000 after purchasing an additional 1,995,326 shares in the last quarter. Rothschild Wealth LLC acquired a new stake in Invesco BulletShares 2028 Corporate Bond ETF during the 4th quarter worth about $17,072,000. Bank of America Corp DE raised its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 20.2% during the 1st quarter. Bank of America Corp DE now owns 4,466,656 shares of the company’s stock worth $91,223,000 after buying an additional 752,039 shares during the period. Finally, Cvfg LLC purchased a new stake in Invesco BulletShares 2028 Corporate Bond ETF during the first quarter valued at about $9,258,000.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.