Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Reaches New 52-Week Low – What’s Next?

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY)’s share price reached a new 52-week low on Tuesday . The company traded as low as $19.92 and last traded at $19.9250, with a volume of 53271 shares changing hands. The stock had previously closed at $19.95.

Invesco BulletShares 2034 Corporate Bond ETF Trading Up 0.0%

The firm’s 50-day moving average price is $20.28 and its 200 day moving average price is $20.56.

Invesco BulletShares 2034 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.0809 per share. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 4.9%.

Institutional Trading of Invesco BulletShares 2034 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSCY. Redmond Asset Management LLC bought a new position in shares of Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter valued at approximately $202,000. Waverly Advisors LLC bought a new stake in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter worth $204,000. First Command Advisory Services Inc. raised its position in Invesco BulletShares 2034 Corporate Bond ETF by 6.8% in the 4th quarter. First Command Advisory Services Inc. now owns 10,085 shares of the company’s stock valued at $212,000 after buying an additional 642 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Invesco BulletShares 2034 Corporate Bond ETF by 6.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 11,871 shares of the company’s stock valued at $246,000 after buying an additional 694 shares during the last quarter. Finally, Allen Capital Group LLC lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 19.1% during the 4th quarter. Allen Capital Group LLC now owns 15,102 shares of the company’s stock valued at $317,000 after acquiring an additional 2,419 shares in 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.