Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Reaches New 52-Week Low – Time to Sell?

Shares of Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) reached a new 52-week low during trading on Monday. The stock traded as low as $18.19 and last traded at $18.1950, with a volume of 21169 shares trading hands. The stock had previously closed at $18.20.

Invesco BulletShares 2029 Corporate Bond ETF Stock Down 0.3%

The business’s fifty day moving average price is $18.46 and its two-hundred day moving average price is $18.57.

Invesco BulletShares 2029 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were paid a dividend of $0.0688 per share. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.0702. This represents a $0.83 annualized dividend and a yield of 4.5%.

Hedge Funds Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 7.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,274,983 shares of the company’s stock valued at $42,258,000 after buying an additional 147,973 shares during the period. Anchor Investment Management LLC grew its position in Invesco BulletShares 2029 Corporate Bond ETF by 9.2% in the 2nd quarter. Anchor Investment Management LLC now owns 1,243,500 shares of the company’s stock valued at $23,098,000 after acquiring an additional 104,382 shares during the last quarter. Van Hulzen Asset Management LLC bought a new stake in shares of Invesco BulletShares 2029 Corporate Bond ETF during the second quarter worth $187,000. Insight Wealth Partners LLC increased its stake in Invesco BulletShares 2029 Corporate Bond ETF by 2.8% in the 2nd quarter. Insight Wealth Partners LLC now owns 29,677 shares of the company’s stock worth $551,000 after buying an additional 802 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 17.6% in the second quarter. Integrated Wealth Concepts LLC now owns 160,831 shares of the company’s stock valued at $2,987,000 after purchasing an additional 24,034 shares during the period.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.