Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sets New 52-Week Low – Here’s What Happened

Shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) reached a new 52-week low during trading on Thursday . The company traded as low as $18.41 and last traded at $18.4040, with a volume of 25874 shares. The stock had previously closed at $18.44.

Invesco BulletShares 2029 Corporate Bond ETF Trading Down 0.2%

The company’s 50-day moving average price is $18.52 and its two-hundred day moving average price is $18.61.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.0702 dividend. This is a boost 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%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in BSCT. IFP Advisors Inc increased its position 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 valued at $59,000 after purchasing an additional 551 shares during the last quarter. Aspen Investment Management Inc lifted its position in Invesco BulletShares 2029 Corporate Bond ETF by 0.4% in the 1st quarter. Aspen Investment Management Inc now owns 151,230 shares of the company’s stock worth $2,822,000 after buying an additional 575 shares during the last quarter. Waverly Advisors LLC boosted its stake 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 worth $483,000 after buying an additional 611 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Invesco BulletShares 2029 Corporate Bond ETF by 41.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock worth $44,000 after buying an additional 681 shares in the last quarter. Finally, Western Wealth Management LLC grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 3.2% during the first quarter. Western Wealth Management LLC now owns 22,355 shares of the company’s stock valued at $417,000 after acquiring an additional 700 shares during the last quarter.

Invesco BulletShares 2029 Corporate Bond ETF Company Profile

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.