Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Reaches New 1-Year Low – Should You Sell?

Shares of Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) hit a new 52-week low during trading on Monday . The stock traded as low as $19.55 and last traded at $19.5550, with a volume of 33751 shares. The stock had previously closed at $19.61.

Invesco BulletShares 2027 Corporate Bond ETF Price Performance

The company has a fifty day moving average price of $19.62 and a 200-day moving average price of $19.64.

Invesco BulletShares 2027 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.0697 per share. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a yield of 4.3%. This is a boost from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lido Advisors LLC increased its position in Invesco BulletShares 2027 Corporate Bond ETF by 5.8% in the first quarter. Lido Advisors LLC now owns 70,691,925 shares of the company’s stock worth $1,400,120,000 after purchasing an additional 3,854,896 shares during the last quarter. LPL Financial LLC lifted its position in Invesco BulletShares 2027 Corporate Bond ETF by 8.6% during the fourth quarter. LPL Financial LLC now owns 6,738,930 shares of the company’s stock valued at $133,026,000 after purchasing an additional 532,067 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF by 11.4% in the 1st quarter. Bank of America Corp DE now owns 5,588,500 shares of the company’s stock worth $109,674,000 after buying an additional 571,979 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF by 30.2% in the 1st quarter. Royal Bank of Canada now owns 2,390,339 shares of the company’s stock worth $46,909,000 after buying an additional 554,441 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Invesco BulletShares 2027 Corporate Bond ETF by 15.8% in the 4th quarter. MML Investors Services LLC now owns 1,924,776 shares of the company’s stock worth $37,995,000 after buying an additional 262,297 shares during the last quarter.

About Invesco BulletShares 2027 Corporate Bond ETF

The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade corporate bonds with effective maturities in 2027. The fund will unwind in December 2027 and return capital and proceeds to investors. BSCR was launched on Sep 27, 2017 and is managed by Invesco.