Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Hits New 52-Week Low – What’s Next?

Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) shares reached a new 52-week low on Monday. The company traded as low as $16.14 and last traded at $16.1450, with a volume of 10282 shares changing hands. The stock had previously closed at $16.18.

Invesco BulletShares 2030 Corporate Bond ETF Stock Down 0.4%

The company has a 50 day moving average of $16.46 and a two-hundred day moving average of $16.61.

Invesco BulletShares 2030 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were paid a $0.0629 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.75 dividend on an annualized basis and a yield of 4.7%. This is a decrease from Invesco BulletShares 2030 Corporate Bond ETF’s previous monthly dividend of $0.0653.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Apella Capital LLC increased its holdings in Invesco BulletShares 2030 Corporate Bond ETF by 1.6% in the 2nd quarter. Apella Capital LLC now owns 62,194 shares of the company’s stock valued at $1,033,000 after purchasing an additional 975 shares during the last quarter. Straight Path Wealth Management boosted its stake in shares of Invesco BulletShares 2030 Corporate Bond ETF by 0.4% in the second quarter. Straight Path Wealth Management now owns 272,762 shares of the company’s stock valued at $4,540,000 after purchasing an additional 1,031 shares during the period. Key Financial Inc boosted its stake 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 valued at $836,000 after purchasing an additional 1,209 shares during the period. Sarver Vrooman Wealth Advisors grew 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 valued at $88,000 after purchasing an additional 1,534 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC grew its holdings in shares of Invesco BulletShares 2030 Corporate Bond ETF by 1.5% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 109,969 shares of the company’s stock valued at $1,839,000 after purchasing an additional 1,598 shares in the last quarter.

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.