Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR) Reaches New 12-Month Low – Here’s Why

Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR)’s stock price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $19.53 and last traded at $19.5350, with a volume of 13,790 shares traded. The stock had previously closed at $19.59.

Invesco BulletShares 2027 Corporate Bond ETF Trading Down 0.4%

The business has a fifty day moving average price of $19.60 and a 200 day moving average price of $19.62.

Invesco BulletShares 2027 Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 23rd. Investors of record on Monday, October 19th will be given a $0.0690 dividend. The ex-dividend date is Monday, October 19th. This represents a $0.83 dividend on an annualized basis and a yield of 4.2%. This is a drop from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.0697.

Hedge Funds Weigh In On Invesco BulletShares 2027 Corporate Bond ETF

Large investors have recently bought and sold shares of the stock. Lido Advisors LLC lifted its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 5.8% in the 1st quarter. Lido Advisors LLC now owns 70,691,925 shares of the company’s stock valued at $1,400,120,000 after acquiring an additional 3,854,896 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of Invesco BulletShares 2027 Corporate Bond ETF in the 3rd quarter worth approximately $36,540,000. Financial Solutions Advisory Group Inc. acquired a new position in shares of Invesco BulletShares 2027 Corporate Bond ETF in the 1st quarter worth approximately $16,595,000. Bank of America Corp DE grew its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF by 11.4% in the 1st quarter. Bank of America Corp DE now owns 5,588,500 shares of the company’s stock worth $109,674,000 after purchasing an additional 571,979 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF by 30.2% in the 1st quarter. Royal Bank of Canada now owns 2,390,339 shares of the company’s stock worth $46,909,000 after purchasing an additional 554,441 shares during the last quarter.

About Invesco BulletShares 2027 Corporate Bond ETF

The Invesco BulletShares 2027 Corporate Bond ETF (BSCR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade corporate bonds with effective maturities in 2027. The fund will unwind in December 2027 and return capital and proceeds to investors. BSCR was launched on Sep 27, 2017 and is managed by Invesco.