Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY) Hits New 12-Month Low – What’s Next?

by · The Markets Daily

Invesco BulletShares 2034 Corporate Bond ETF (NASDAQ:BSCY – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.14 and last traded at $20.18, with a volume of 173876 shares traded. The stock had previously closed at $20.19.

Invesco BulletShares 2034 Corporate Bond ETF Trading Down 0.8%

The business has a fifty day moving average price of $20.38 and a two-hundred day moving average price of $20.63.

Invesco BulletShares 2034 Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.092 per share. This is a boost from Invesco BulletShares 2034 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) annualized dividend and a yield of 5.5%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of Invesco BulletShares 2034 Corporate Bond ETF during the 3rd quarter worth about $47,000. Redmond Asset Management LLC acquired a new position in Invesco BulletShares 2034 Corporate Bond ETF in the fourth quarter worth approximately $202,000. Waverly Advisors LLC bought a new position in Invesco BulletShares 2034 Corporate Bond ETF during the first quarter valued at approximately $204,000. &PARTNERS bought a new position in Invesco BulletShares 2034 Corporate Bond ETF during the fourth quarter valued at approximately $210,000. Finally, First Command Advisory Services Inc. lifted its stake in Invesco BulletShares 2034 Corporate Bond ETF by 6.8% in the fourth quarter. First Command Advisory Services Inc. now owns 10,085 shares of the company’s stock valued at $212,000 after acquiring an additional 642 shares during the last quarter.

About Invesco BulletShares 2034 Corporate Bond ETF

(Get Free Report)

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.

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