Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Reaches New 1-Year Low – Time to Sell?

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) shares hit a new 52-week low on Tuesday . The stock traded as low as $20.36 and last traded at $20.3650, with a volume of 54964 shares changing hands. The stock had previously closed at $20.39.

Invesco BulletShares 2033 Corporate Bond ETF Price Performance

The business’s fifty day moving average is $20.71 and its two-hundred day moving average is $20.99.

Invesco BulletShares 2033 Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be issued a $0.0849 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC boosted its position in shares of Invesco BulletShares 2033 Corporate Bond ETF by 182.9% during the first quarter. International Assets Investment Management LLC now owns 4,421 shares of the company’s stock valued at $94,000 after buying an additional 2,858 shares during the last quarter. Somerset Trust Co bought a new position in shares of Invesco BulletShares 2033 Corporate Bond ETF in the 2nd quarter worth approximately $220,000. Clearstead Trust LLC purchased a new position in shares of Invesco BulletShares 2033 Corporate Bond ETF in the fourth quarter worth approximately $230,000. Ascentis Independent Advisors bought a new stake in Invesco BulletShares 2033 Corporate Bond ETF during the first quarter valued at approximately $230,000. Finally, First Command Advisory Services Inc. grew its position in Invesco BulletShares 2033 Corporate Bond ETF by 15.1% during the fourth quarter. First Command Advisory Services Inc. now owns 12,246 shares of the company’s stock valued at $263,000 after buying an additional 1,610 shares during the period.

Invesco BulletShares 2033 Corporate Bond ETF Company Profile

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.