Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) Stock Price Break Below 50-Day Moving Average – Time to Sell?

Invesco BulletShares 2033 Corporate Bond ETF (NASDAQ:BSCX) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $20.28 and traded as low as $20.20. Invesco BulletShares 2033 Corporate Bond ETF shares last traded at $20.19, with a volume of 205,963 shares trading hands.

Invesco BulletShares 2033 Corporate Bond ETF Stock Performance

The firm’s 50 day moving average is $20.28 and its 200 day moving average is $20.91.

Invesco BulletShares 2033 Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, October 19th were paid a $0.0839 dividend. This represents a $1.01 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, October 19th. This is a decrease from Invesco BulletShares 2033 Corporate Bond ETF’s previous monthly dividend of $0.0848.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BSCX. Baird Financial Group Inc. lifted its holdings in shares of Invesco BulletShares 2033 Corporate Bond ETF by 17.4% during the 2nd quarter. Baird Financial Group Inc. now owns 622,811 shares of the company’s stock valued at $13,113,000 after buying an additional 92,106 shares during the period. Clark Asset Management LLC grew its holdings in shares of Invesco BulletShares 2033 Corporate Bond ETF by 22.7% in the second quarter. Clark Asset Management LLC now owns 519,107 shares of the company’s stock worth $10,930,000 after acquiring an additional 96,079 shares during the period. Parkway Wealth Management Group LLC grew its holdings in shares of Invesco BulletShares 2033 Corporate Bond ETF by 1.9% in the third quarter. Parkway Wealth Management Group LLC now owns 489,263 shares of the company’s stock worth $9,785,000 after acquiring an additional 9,175 shares during the period. BCS Wealth Management increased its position in Invesco BulletShares 2033 Corporate Bond ETF by 1.7% during the third quarter. BCS Wealth Management now owns 456,982 shares of the company’s stock valued at $9,139,000 after acquiring an additional 7,770 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Invesco BulletShares 2033 Corporate Bond ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 414,450 shares of the company’s stock valued at $8,766,000 after acquiring an additional 47,689 shares during the last quarter.

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.