Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) Hits New 52-Week Low – Should You Sell?

Invesco BulletShares 2032 Corporate Bond ETF (NASDAQ:BSCW) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $19.87 and last traded at $19.8650, with a volume of 6068 shares changing hands. The stock had previously closed at $19.98.

Invesco BulletShares 2032 Corporate Bond ETF Stock Performance

The business’s 50 day moving average price is $20.22 and its 200 day moving average price is $20.46.

Invesco BulletShares 2032 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.0794 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, September 21st.

Hedge Funds Weigh In On Invesco BulletShares 2032 Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC raised its stake in Invesco BulletShares 2032 Corporate Bond ETF by 5.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 8,589,639 shares of the company’s stock valued at $179,309,000 after purchasing an additional 444,876 shares during the last quarter. Decker Wealth Management LLC acquired a new stake in shares of Invesco BulletShares 2032 Corporate Bond ETF in the first quarter valued at about $7,513,000. Goepper Burkhardt LLC raised its position in shares of Invesco BulletShares 2032 Corporate Bond ETF by 276.5% in the fourth quarter. Goepper Burkhardt LLC now owns 269,300 shares of the company’s stock valued at $5,622,000 after buying an additional 197,776 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Invesco BulletShares 2032 Corporate Bond ETF by 22.4% in the first quarter. Royal Bank of Canada now owns 994,559 shares of the company’s stock worth $20,476,000 after buying an additional 181,725 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Invesco BulletShares 2032 Corporate Bond ETF by 48.6% during the first quarter. Janney Montgomery Scott LLC now owns 455,494 shares of the company’s stock worth $9,378,000 after acquiring an additional 149,037 shares during the last quarter.

Invesco BulletShares 2032 Corporate Bond ETF Company Profile

The Invesco BulletShares 2032 Corporate Bond ETF (BSCW) 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 2032. BSCW was launched on Sep 8, 2022 and is managed by Invesco.