Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Stock Price Cross Above 50 Day Moving Average – Here’s Why

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $20.21 and traded as high as $20.22. Invesco BulletShares 2028 Corporate Bond ETF shares last traded at $20.22, with a volume of 953,752 shares.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.1%

The firm’s fifty day moving average is $20.21 and its 200-day moving average is $20.38.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were given a $0.0751 dividend. This is a boost from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.0744. The ex-dividend date of this dividend was Monday, October 19th. This represents a $0.90 annualized dividend and a dividend yield of 4.5%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BSCS. Lido Advisors LLC acquired a new stake in Invesco BulletShares 2028 Corporate Bond ETF during the third quarter worth approximately $86,254,000. Cornerstone Wealth Management LLC increased its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 5.7% in the third quarter. Cornerstone Wealth Management LLC now owns 916,318 shares of the company’s stock worth $18,441,000 after purchasing an additional 49,777 shares in the last quarter. BCS Wealth Management lifted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 4.2% in the third quarter. BCS Wealth Management now owns 365,298 shares of the company’s stock valued at $7,352,000 after buying an additional 14,837 shares during the period. American Institute for Advanced Investment Management LLP lifted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 15.7% in the third quarter. American Institute for Advanced Investment Management LLP now owns 58,696 shares of the company’s stock valued at $1,181,000 after buying an additional 7,950 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 50.2% in the third quarter. Parallel Advisors LLC now owns 72,734 shares of the company’s stock valued at $1,464,000 after buying an additional 24,324 shares during the period.

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.