Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Hits New 1-Year Low – Time to Sell?

Shares of Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) hit a new 52-week low during trading on Tuesday . The stock traded as low as $16.51 and last traded at $16.52, with a volume of 60684 shares trading hands. The stock had previously closed at $16.53.

Invesco BulletShares 2030 Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $16.64 and its two-hundred day simple moving average is $16.78.

Invesco BulletShares 2030 Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 20th will be issued a dividend of $0.0639 per share. The ex-dividend date is Monday, July 20th. This is a positive change from Invesco BulletShares 2030 Corporate Bond ETF’s previous dividend of $0.06.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC bought a new stake in shares of Invesco BulletShares 2030 Corporate Bond ETF in the 4th quarter worth $34,000. Ascentis Independent Advisors purchased a new position in Invesco BulletShares 2030 Corporate Bond ETF in the 1st quarter worth about $36,000. International Assets Investment Management LLC purchased a new position in Invesco BulletShares 2030 Corporate Bond ETF in the 4th quarter worth about $53,000. AdvisorNet Financial Inc lifted its stake in Invesco BulletShares 2030 Corporate Bond ETF by 191.9% during the 1st quarter. AdvisorNet Financial Inc now owns 3,433 shares of the company’s stock valued at $57,000 after acquiring an additional 2,257 shares during the period. Finally, Sarver Vrooman Wealth Advisors lifted its stake in Invesco BulletShares 2030 Corporate Bond ETF by 42.1% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 5,176 shares of the company’s stock valued at $88,000 after acquiring an additional 1,534 shares during the period.

About Invesco BulletShares 2030 Corporate Bond ETF

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.