Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Sets New 52-Week Low – Should You Sell?

Shares of Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) hit a new 52-week low during trading on Monday . The stock traded as low as $16.27 and last traded at $16.2750, with a volume of 18720 shares trading hands. The stock had previously closed at $16.32.

Invesco BulletShares 2030 Corporate Bond ETF Stock Down 0.2%

The stock has a 50 day simple moving average of $16.50 and a 200-day simple moving average of $16.64.

Invesco BulletShares 2030 Corporate Bond ETF Cuts 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 $0.0629 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, September 21st.

Hedge Funds Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BSCU. Allworth Financial LP lifted its stake in Invesco BulletShares 2030 Corporate Bond ETF by 7.4% in the fourth quarter. Allworth Financial LP now owns 9,455 shares of the company’s stock worth $160,000 after purchasing an additional 650 shares during the last quarter. Apella Capital LLC grew its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 1.6% during the second quarter. Apella Capital LLC now owns 62,194 shares of the company’s stock valued at $1,033,000 after buying an additional 975 shares during the last quarter. Straight Path Wealth Management grew its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 0.4% during the second quarter. Straight Path Wealth Management now owns 272,762 shares of the company’s stock valued at $4,540,000 after buying an additional 1,031 shares during the last quarter. Key Financial Inc raised its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 2.5% in the first quarter. Key Financial Inc now owns 49,989 shares of the company’s stock worth $836,000 after buying an additional 1,209 shares during the period. Finally, Sarver Vrooman Wealth Advisors raised its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 42.1% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 5,176 shares of the company’s stock worth $88,000 after buying an additional 1,534 shares during the period.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.