Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Hits New 12-Month Low – Time to Sell?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s stock price reached a new 52-week low on Monday . The company traded as low as $20.25 and last traded at $20.25, with a volume of 12896 shares traded. The stock had previously closed at $20.33.

Invesco BulletShares 2034 Corporate Bond ETF Stock Up 0.5%

The stock’s fifty day moving average price is $20.48 and its 200-day moving average price is $20.70.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be given a dividend of $0.092 per share. The ex-dividend date is Monday, August 24th. This is an increase from Invesco BulletShares 2034 Corporate Bond ETF’s previous dividend of $0.08.

Institutional Investors Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 8.1% during the 3rd quarter. Raymond James Financial Inc. now owns 2,165,840 shares of the company’s stock worth $45,526,000 after acquiring an additional 161,868 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in Invesco BulletShares 2034 Corporate Bond ETF in the 4th quarter valued at approximately $36,534,000. LPL Financial LLC raised its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 26.0% during the fourth quarter. LPL Financial LLC now owns 1,073,606 shares of the company’s stock worth $22,567,000 after purchasing an additional 221,464 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock worth $17,890,000 after purchasing an additional 303,242 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 6.0% during the fourth quarter. Invesco Ltd. now owns 831,500 shares of the company’s stock worth $17,478,000 after purchasing an additional 47,000 shares during the last quarter.

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.