Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Reaches New 52-Week Low – Should You Sell?

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS)’s stock price reached a new 52-week low on Monday. The stock traded as low as $20.10 and last traded at $20.0950, with a volume of 125068 shares trading hands. The stock had previously closed at $20.14.

Invesco BulletShares 2028 Corporate Bond ETF Stock Down 0.1%

The firm has a fifty day moving average price of $20.30 and a 200-day moving average price of $20.37.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a $0.0744 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.4%. This is a decrease from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.0765.

Institutional Trading of Invesco BulletShares 2028 Corporate Bond ETF

Several hedge funds have recently modified their holdings of BSCS. Envestnet Asset Management Inc. increased its stake in Invesco BulletShares 2028 Corporate Bond ETF by 9.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,295,020 shares of the company’s stock worth $26,373,000 after purchasing an additional 114,447 shares during the period. Anchor Investment Management LLC increased its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 7.2% in the 2nd quarter. Anchor Investment Management LLC now owns 1,236,417 shares of the company’s stock worth $25,180,000 after acquiring an additional 83,212 shares during the last quarter. Insight Wealth Partners LLC lifted its stake in Invesco BulletShares 2028 Corporate Bond ETF by 3.8% during the second quarter. Insight Wealth Partners LLC now owns 44,927 shares of the company’s stock worth $915,000 after purchasing an additional 1,663 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 0.3% during the second quarter. Integrated Wealth Concepts LLC now owns 218,578 shares of the company’s stock worth $4,451,000 after purchasing an additional 628 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 28.9% in the 2nd quarter. Baird Financial Group Inc. now owns 1,153,697 shares of the company’s stock valued at $23,495,000 after purchasing an additional 258,579 shares in the last quarter.

About Invesco BulletShares 2028 Corporate Bond ETF

The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) 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 2028. BSCS was launched on Aug 9, 2018 and is managed by Invesco.