Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) Reaches New 52-Week Low – Time to Sell?

Shares of Invesco BulletShares 2030 Corporate Bond ETF (NASDAQ:BSCU) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $16.45 and last traded at $16.46, with a volume of 42778 shares traded. The stock had previously closed at $16.48.

Invesco BulletShares 2030 Corporate Bond ETF Price Performance

The stock’s 50 day moving average is $16.56 and its two-hundred day moving average is $16.69.

Invesco BulletShares 2030 Corporate Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.0653 per share. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Investors Weigh In On Invesco BulletShares 2030 Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the company. Kinetic Wealth Investment Advisors LLC bought a new position in shares of Invesco BulletShares 2030 Corporate Bond ETF during the 2nd quarter worth approximately $3,429,000. Straight Path Wealth Management lifted its position in shares of Invesco BulletShares 2030 Corporate Bond ETF by 0.4% in the second quarter. Straight Path Wealth Management now owns 272,762 shares of the company’s stock worth $4,540,000 after purchasing an additional 1,031 shares in the last quarter. Wedmont Private Capital acquired a new position in Invesco BulletShares 2030 Corporate Bond ETF during the second quarter worth $588,000. Kintra Wealth LLC bought a new position in Invesco BulletShares 2030 Corporate Bond ETF in the second quarter valued at $4,500,000. Finally, Semitam Bonam LLC increased its stake in Invesco BulletShares 2030 Corporate Bond ETF by 3.9% in the 2nd quarter. Semitam Bonam LLC now owns 112,913 shares of the company’s stock valued at $1,879,000 after buying an additional 4,268 shares during the last quarter.

Invesco BulletShares 2030 Corporate Bond ETF Company Profile

The Invesco BulletShares 2030 Corporate Bond ETF (BSCU) 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 2030. BSCU was launched on Sep 16, 2020 and is managed by Invesco.