Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Hits New 1-Year Low – Should You Sell?

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $20.59 and last traded at $20.6050, with a volume of 154269 shares changing hands. The stock had previously closed at $20.63.

Invesco BulletShares 2033 Corporate Bond ETF Stock Performance

The stock has a 50 day simple moving average of $20.82 and a two-hundred day simple moving average of $21.07.

Invesco BulletShares 2033 Corporate Bond ETF Dividend Announcement

The company 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 $0.0911 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

Institutional Trading of Invesco BulletShares 2033 Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Invesco BulletShares 2033 Corporate Bond ETF by 36.7% during the first quarter. Royal Bank of Canada now owns 134,604 shares of the company’s stock worth $2,812,000 after acquiring an additional 36,111 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Invesco BulletShares 2033 Corporate Bond ETF by 782.0% during the first quarter. Jane Street Group LLC now owns 173,819 shares of the company’s stock worth $3,631,000 after buying an additional 154,112 shares during the period. Cetera Investment Advisers purchased a new position in shares of Invesco BulletShares 2033 Corporate Bond ETF during the second quarter worth $274,000. JPMorgan Chase & Co. acquired a new stake in shares of Invesco BulletShares 2033 Corporate Bond ETF in the second quarter valued at $6,217,000. Finally, HUB Investment Partners LLC raised its holdings in shares of Invesco BulletShares 2033 Corporate Bond ETF by 6.7% in the 2nd quarter. HUB Investment Partners LLC now owns 87,194 shares of the company’s stock valued at $1,849,000 after buying an additional 5,512 shares during the period.

About Invesco BulletShares 2033 Corporate Bond ETF

The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) 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 2033. BSCX was launched on Sep 20, 2023 and is issued by Invesco.