Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Hits New 12-Month Low – What’s Next?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.14 and last traded at $20.18, with a volume of 173876 shares traded. The stock had previously closed at $20.19.

Invesco BulletShares 2034 Corporate Bond ETF Trading Down 0.8%

The business has a fifty day moving average price of $20.38 and a two-hundred day moving average price of $20.63.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.092 per share. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) annualized dividend and a yield of 5.5%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter worth about $47,000. Redmond Asset Management LLC acquired a new position in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth approximately $202,000. Waverly Advisors LLC bought a new position in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter valued at approximately $204,000. &PARTNERS bought a new position in Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $210,000. Finally, First Command Advisory Services Inc. lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 6.8% in the fourth quarter. First Command Advisory Services Inc. now owns 10,085 shares of the company’s stock valued at $212,000 after acquiring an additional 642 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.