Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Reaches New 52-Week Low – Should You Sell?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $16.15 and last traded at $16.16, with a volume of 48975 shares traded. The stock had previously closed at $16.17.

Invesco BulletShares 2031 Corporate Bond ETF Price Performance

The company has a fifty day moving average price of $16.30 and a two-hundred day moving average price of $16.44.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a $0.0672 dividend. This is a boost from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, August 24th.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Straight Path Wealth Management grew its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 0.4% in the 2nd quarter. Straight Path Wealth Management now owns 263,721 shares of the company’s stock valued at $4,321,000 after purchasing an additional 1,009 shares during the last quarter. Butensky & Cohen Financial Security Inc. raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 5.4% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 98,384 shares of the company’s stock worth $1,612,000 after purchasing an additional 4,999 shares during the last quarter. Whitener Capital Management Inc. lifted its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 20.6% during the second quarter. Whitener Capital Management Inc. now owns 22,042 shares of the company’s stock worth $361,000 after purchasing an additional 3,760 shares during the period. Sax Wealth Advisors LLC lifted its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 32.9% during the second quarter. Sax Wealth Advisors LLC now owns 37,325 shares of the company’s stock worth $614,000 after purchasing an additional 9,235 shares during the period. Finally, Oliver Luxxe Assets LLC grew its position in Invesco BulletShares 2031 Corporate Bond ETF by 53.1% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 92,889 shares of the company’s stock valued at $1,522,000 after buying an additional 32,224 shares during the last quarter.

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.