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

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $20.14 and last traded at $20.18, with a volume of 173876 shares changing hands. The stock had previously closed at $20.19.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $20.39 and its 200 day moving average is $20.65.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a dividend of $0.092 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On Invesco BulletShares 2034 Corporate Bond ETF

Several hedge funds have recently made changes to their positions in BSCY. Raymond James Financial Inc. raised 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 valued at $45,526,000 after purchasing an additional 161,868 shares during the period. Aptus Capital Advisors LLC purchased a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the 4th quarter worth about $36,534,000. LPL Financial LLC boosted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 26.0% in the 4th 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 period. Wells Fargo & Company MN grew its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 55.4% during the 4th quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock valued at $17,890,000 after buying an additional 303,242 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 6.0% during the 4th quarter. Invesco Ltd. now owns 831,500 shares of the company’s stock valued at $17,478,000 after buying an additional 47,000 shares in the last quarter.

About Invesco BulletShares 2034 Corporate Bond ETF

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.