Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Sets New 52-Week Low – Here’s Why

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) reached a new 52-week low on Tuesday . The stock traded as low as $16.23 and last traded at $16.23, with a volume of 123855 shares changing hands. The stock had previously closed at $16.26.

Invesco BulletShares 2031 Corporate Bond ETF Trading Down 0.1%

The business has a 50-day moving average of $16.38 and a two-hundred day moving average of $16.53.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 20th will be issued a dividend of $0.065 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date is Monday, July 20th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in Invesco BulletShares 2031 Corporate Bond ETF by 52.0% during the 4th quarter. Morgan Stanley now owns 6,129,247 shares of the company’s stock worth $102,328,000 after buying an additional 2,096,838 shares during the period. Stifel Financial Corp increased its position in Invesco BulletShares 2031 Corporate Bond ETF by 696.8% in the 4th quarter. Stifel Financial Corp now owns 1,192,130 shares of the company’s stock valued at $19,903,000 after acquiring an additional 1,042,509 shares during the period. Focus Partners Wealth raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 1,561.8% during the fourth quarter. Focus Partners Wealth now owns 838,452 shares of the company’s stock valued at $13,998,000 after acquiring an additional 787,997 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco BulletShares 2031 Corporate Bond ETF by 2,342.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 574,549 shares of the company’s stock valued at $9,592,000 after acquiring an additional 551,028 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new position in shares of Invesco BulletShares 2031 Corporate Bond ETF during the fourth quarter worth $9,169,000.

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.