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 hit a new 52-week low on Monday. The company traded as low as $19.53 and last traded at $19.5350, with a volume of 13,790 shares. The stock had previously closed at $19.59.

Invesco BulletShares 2027 Corporate Bond ETF Trading Down 0.4%

The stock’s fifty day moving average is $19.60 and its two-hundred day moving average is $19.62.

Invesco BulletShares 2027 Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2027 Corporate Bond ETF

Several large investors have recently modified their holdings of BSCR. Advisortrust Partners LLC purchased a new stake in shares of Invesco BulletShares 2027 Corporate Bond ETF during the first quarter valued at $74,000. Marquette Asset Management LLC purchased a new position in Invesco BulletShares 2027 Corporate Bond ETF in the 3rd quarter worth about $80,000. Eastern Bank purchased a new position in Invesco BulletShares 2027 Corporate Bond ETF in the 3rd quarter worth about $119,000. IFP Advisors Inc increased its stake in Invesco BulletShares 2027 Corporate Bond ETF by 11.7% in the 3rd quarter. IFP Advisors Inc now owns 8,819 shares of the company’s stock worth $172,000 after purchasing an additional 925 shares in the last quarter. Finally, ARQ Wealth Advisors LLC purchased a new position in Invesco BulletShares 2027 Corporate Bond ETF in the 1st quarter worth about $206,000.

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.