Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Sets New 52-Week Low – Here’s What Happened

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.33 and last traded at $20.33, with a volume of 6589 shares traded. The stock had previously closed at $20.37.

Invesco BulletShares 2034 Corporate Bond ETF Trading Down 0.3%

The business has a 50-day moving average price of $20.60 and a 200-day moving average price of $20.81.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 20th will be paid a dividend of $0.0885 per share. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, July 20th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $36,534,000. BCS Wealth Management boosted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 124.1% in the 4th quarter. BCS Wealth Management now owns 666,220 shares of the company’s stock worth $14,004,000 after purchasing an additional 368,933 shares during the period. Wells Fargo & Company MN boosted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 55.4% in the 4th quarter. Wells Fargo & Company MN now owns 851,096 shares of the company’s stock worth $17,890,000 after purchasing an additional 303,242 shares during the period. Janney Montgomery Scott LLC purchased a new position in Invesco BulletShares 2034 Corporate Bond ETF during the 1st quarter worth approximately $5,362,000. Finally, LPL Financial LLC grew its position in Invesco BulletShares 2034 Corporate Bond ETF by 26.0% during the 4th quarter. LPL Financial LLC now owns 1,073,606 shares of the company’s stock worth $22,567,000 after purchasing an additional 221,464 shares in the last quarter.

Invesco BulletShares 2034 Corporate Bond ETF Company Profile

The Invesco BulletShares 2034 Corporate Bond ETF (BSCY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate bonds with effective maturities in 2034. BSCY was launched on Jun 12, 2024 and is issued by Invesco.