Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Hits New 12-Month Low – Time to Sell?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s stock price hit a new 52-week low on Friday . The stock traded as low as $20.25 and last traded at $20.25, with a volume of 5690 shares traded. The stock had previously closed at $20.32.

Invesco BulletShares 2034 Corporate Bond ETF Stock Performance

The business’s 50-day simple moving average is $20.58 and its 200-day simple moving average is $20.78.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were paid a $0.0885 dividend. The ex-dividend date was Monday, July 20th. This is an increase 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 dividend yield of 5.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Butensky & Cohen Financial Security Inc. boosted its holdings in Invesco BulletShares 2034 Corporate Bond ETF by 8.8% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 73,979 shares of the company’s stock valued at $1,529,000 after purchasing an additional 5,959 shares during the last quarter. Clark Asset Management LLC raised its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 25.3% during the 2nd quarter. Clark Asset Management LLC now owns 404,980 shares of the company’s stock valued at $8,369,000 after buying an additional 81,885 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 111.7% in the 2nd quarter. Avior Wealth Management LLC now owns 42,246 shares of the company’s stock valued at $873,000 after buying an additional 22,295 shares during the period. Asset Dedication LLC lifted its holdings in shares of Invesco BulletShares 2034 Corporate Bond ETF by 35.0% in the 1st quarter. Asset Dedication LLC now owns 146,987 shares of the company’s stock valued at $3,042,000 after buying an additional 38,091 shares during the period. Finally, Allen Capital Group LLC boosted its stake in shares of Invesco BulletShares 2034 Corporate Bond ETF by 11.2% in the first quarter. Allen Capital Group LLC now owns 16,793 shares of the company’s stock worth $348,000 after buying an additional 1,691 shares during the last quarter.

About Invesco BulletShares 2034 Corporate Bond ETF

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.