Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sets New 12-Month Low – Time to Sell?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s stock price reached a new 52-week low on Monday . The company traded as low as $19.96 and last traded at $19.9510, with a volume of 116512 shares traded. The stock had previously closed at $19.97.

Invesco BulletShares 2034 Corporate Bond ETF Stock Down 0.1%

The stock’s fifty day moving average price is $20.35 and its two-hundred day moving average price is $20.61.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.092 dividend. The ex-dividend date was Monday, August 24th. This is a positive change from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 3rd quarter valued at approximately $47,000. Redmond Asset Management LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth about $202,000. Waverly Advisors LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the first quarter valued at approximately $204,000. &PARTNERS purchased a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $210,000. Finally, First Command Advisory Services Inc. lifted its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 6.8% during the fourth quarter. First Command Advisory Services Inc. now owns 10,085 shares of the company’s stock valued at $212,000 after purchasing an additional 642 shares during the last quarter.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.