Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Hits New 1-Year Low – Here’s Why

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) reached a new 52-week low on Monday . The stock traded as low as $15.93 and last traded at $15.9450, with a volume of 14778 shares changing hands. The stock had previously closed at $16.03.

Invesco BulletShares 2031 Corporate Bond ETF Trading Up 0.1%

The stock’s fifty day simple moving average is $16.20 and its two-hundred day simple moving average is $16.36.

Invesco BulletShares 2031 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be given a $0.0634 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, September 21st.

Institutional Investors Weigh In On Invesco BulletShares 2031 Corporate Bond ETF

Several large investors have recently modified their holdings of the company. Ascentis Independent Advisors acquired a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the 1st quarter worth approximately $35,000. Fifth Third Bancorp increased its position in shares of Invesco BulletShares 2031 Corporate Bond ETF by 1,361.6% during the first quarter. Fifth Third Bancorp now owns 10,801 shares of the company’s stock worth $178,000 after acquiring an additional 10,062 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in Invesco BulletShares 2031 Corporate Bond ETF during the 1st quarter worth approximately $183,000. PNC Financial Services Group Inc. grew its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 85.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $187,000 after buying an additional 5,158 shares in the last quarter. Finally, Somerset Trust Co purchased a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF in the second quarter valued at about $188,000.

About Invesco BulletShares 2031 Corporate Bond ETF

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.