Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Stock Price Cross Above 50 Day Moving Average – Here’s Why

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $20.21 and traded as high as $20.22. Invesco BulletShares 2028 Corporate Bond ETF shares last traded at $20.22, with a volume of 953,752 shares.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.1%

The stock has a 50 day moving average price of $20.21 and a 200 day moving average price of $20.38.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a $0.0751 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, October 19th. This is a boost from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.0744.

Hedge Funds Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

Several large investors have recently bought and sold shares of BSCS. Advisortrust Partners LLC bought a new stake in Invesco BulletShares 2028 Corporate Bond ETF in the first quarter valued at approximately $74,000. International Assets Investment Management LLC increased its position in Invesco BulletShares 2028 Corporate Bond ETF by 81.2% during the 1st quarter. International Assets Investment Management LLC now owns 3,980 shares of the company’s stock valued at $81,000 after purchasing an additional 1,784 shares during the period. Latitude Advisors LLC bought a new position in Invesco BulletShares 2028 Corporate Bond ETF during the 3rd quarter worth approximately $131,000. Eastern Bank bought a new position in Invesco BulletShares 2028 Corporate Bond ETF during the 3rd quarter worth approximately $135,000. Finally, ARQ Wealth Advisors LLC bought a new position in Invesco BulletShares 2028 Corporate Bond ETF during the 1st quarter worth approximately $204,000.

Invesco BulletShares 2028 Corporate Bond ETF Company Profile

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.