Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Reaches New 52-Week Low – Should You Sell?

Shares of Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $19.58 and last traded at $19.5850, with a volume of 192 shares changing hands. The stock had previously closed at $19.64.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $20.21 and a 200 day simple moving average of $20.53.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a dividend of $0.0809 per share. This represents a $0.97 annualized dividend and a dividend yield of 5.0%. This is a drop from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.0920. The ex-dividend date was Monday, September 21st.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF in the 4th quarter worth $36,534,000. LeClair Wealth Partners LLC acquired a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter worth about $2,377,000. Clark Asset Management LLC raised its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 24.0% during the first quarter. Clark Asset Management LLC now owns 323,095 shares of the company’s stock worth $6,687,000 after purchasing an additional 62,601 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth about $5,362,000. Finally, Stephens Inc. AR lifted its position in Invesco BulletShares 2034 Corporate Bond ETF by 14.7% in the first quarter. Stephens Inc. AR now owns 203,368 shares of the company’s stock valued at $4,209,000 after purchasing an additional 26,056 shares during the period.

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.