Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Reaches New 12-Month Low – Should You Sell?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU)’s stock price hit a new 52-week low on Monday . The company traded as low as $16.27 and last traded at $16.2750, with a volume of 18720 shares traded. The stock had previously closed at $16.32.

Invesco BulletShares 2030 Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $16.49 and its two-hundred day simple moving average is $16.63.

Invesco BulletShares 2030 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 paid a $0.0629 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, September 21st.

Hedge Funds Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of BSCU. Anchor Investment Management LLC boosted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 78.3% during the second quarter. Anchor Investment Management LLC now owns 17,535 shares of the company’s stock worth $292,000 after acquiring an additional 7,700 shares during the last quarter. Van Hulzen Asset Management LLC purchased a new position in Invesco BulletShares 2030 Corporate Bond ETF in the second quarter worth about $223,000. Capital Analysts LLC boosted its stake in Invesco BulletShares 2030 Corporate Bond ETF by 13.8% during the second quarter. Capital Analysts LLC now owns 88,264 shares of the company’s stock worth $1,469,000 after buying an additional 10,698 shares during the period. Insight Wealth Partners LLC lifted its stake in Invesco BulletShares 2030 Corporate Bond ETF by 16.3% in the second quarter. Insight Wealth Partners LLC now owns 18,747 shares of the company’s stock worth $312,000 after purchasing an additional 2,630 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 20.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 80,086 shares of the company’s stock worth $1,333,000 after acquiring an additional 13,448 shares during the last quarter.

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.