Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Reaches New 52-Week Low – Should You Sell?

Shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) hit a new 52-week low during trading on Wednesday . The company traded as low as $18.33 and last traded at $18.3350, with a volume of 625066 shares trading hands. The stock had previously closed at $18.35.

Invesco BulletShares 2029 Corporate Bond ETF Stock Performance

The firm’s 50 day moving average price is $18.50 and its two-hundred day moving average price is $18.60.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.0702 per share. The ex-dividend date was Monday, August 24th. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 21.5% during the 4th quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock worth $59,000 after buying an additional 551 shares in the last quarter. Aspen Investment Management Inc grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 0.4% in the first quarter. Aspen Investment Management Inc now owns 151,230 shares of the company’s stock valued at $2,822,000 after acquiring an additional 575 shares during the last quarter. Waverly Advisors LLC grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 2.4% in the first quarter. Waverly Advisors LLC now owns 25,868 shares of the company’s stock valued at $483,000 after acquiring an additional 611 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Invesco BulletShares 2029 Corporate Bond ETF by 41.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock worth $44,000 after acquiring an additional 681 shares in the last quarter. Finally, Western Wealth Management LLC lifted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3.2% in the first quarter. Western Wealth Management LLC now owns 22,355 shares of the company’s stock worth $417,000 after acquiring an additional 700 shares during the last quarter.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.