Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sets New 12-Month Low – Should You Sell?

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $20.25 and last traded at $20.25, with a volume of 701055 shares changing hands. The stock had previously closed at $20.30.

Invesco BulletShares 2028 Corporate Bond ETF Price Performance

The business’s 50-day simple moving average is $20.34 and its two-hundred day simple moving average is $20.40.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.0765 per share. The ex-dividend date was Monday, August 24th. This represents a c) annualized dividend and a yield of 4.5%. This is a boost from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

Hedge funds have recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 8.4% in the fourth quarter. Morgan Stanley now owns 8,629,850 shares of the company’s stock valued at $177,775,000 after acquiring an additional 672,038 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 5.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,828,213 shares of the company’s stock worth $161,261,000 after purchasing an additional 432,504 shares during the last quarter. LPL Financial LLC lifted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 37.7% in the 4th quarter. LPL Financial LLC now owns 7,283,905 shares of the company’s stock worth $150,048,000 after purchasing an additional 1,995,326 shares during the period. Raymond James Financial Inc. lifted its position in shares of Invesco BulletShares 2028 Corporate Bond ETF by 9.3% in the 4th quarter. Raymond James Financial Inc. now owns 6,263,583 shares of the company’s stock worth $129,030,000 after purchasing an additional 535,091 shares during the period. Finally, Lido Advisors LLC boosted its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 6.1% in the 4th quarter. Lido Advisors LLC now owns 5,342,067 shares of the company’s stock valued at $109,901,000 after purchasing an additional 305,484 shares during the last quarter.

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.