Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Hits New 12-Month Low – Here’s Why

Shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.30 and last traded at $20.31, with a volume of 35905 shares. The stock had previously closed at $20.40.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.1%

The business’s fifty day moving average is $20.41 and its 200 day moving average is $20.50.

Invesco BulletShares 2028 Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a $0.0753 dividend. The ex-dividend date is Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 4.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in Invesco BulletShares 2028 Corporate Bond ETF in the 3rd quarter worth about $31,000. AlphaCore Capital LLC bought a new position in Invesco BulletShares 2028 Corporate Bond ETF during the fourth quarter worth about $33,000. International Assets Investment Management LLC bought a new position in Invesco BulletShares 2028 Corporate Bond ETF during the fourth quarter worth about $45,000. Advisortrust Partners LLC purchased a new position in shares of Invesco BulletShares 2028 Corporate Bond ETF in the first quarter worth about $74,000. Finally, Sarver Vrooman Wealth Advisors increased its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 26.7% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 3,919 shares of the company’s stock worth $81,000 after purchasing an additional 827 shares in 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.