Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Reaches New 52-Week Low – What’s Next?

Shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) reached a new 52-week low during trading on Monday. The stock traded as low as $20.10 and last traded at $20.0950, with a volume of 125068 shares. The stock had previously closed at $20.14.

Invesco BulletShares 2028 Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $20.30 and its two-hundred day moving average is $20.37.

Invesco BulletShares 2028 Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.0744 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.0765.

Institutional Investors Weigh In On Invesco BulletShares 2028 Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in BSCS. Waverly Advisors LLC increased its stake in shares of Invesco BulletShares 2028 Corporate Bond ETF by 16,298.3% in the 2nd quarter. Waverly Advisors LLC now owns 4,637,273 shares of the company’s stock valued at $94,438,000 after acquiring an additional 4,608,994 shares in the last quarter. LPL Financial LLC grew its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 37.7% in the fourth quarter. LPL Financial LLC now owns 7,283,905 shares of the company’s stock worth $150,048,000 after purchasing an additional 1,995,326 shares during the period. Rothschild Wealth LLC acquired a new stake in Invesco BulletShares 2028 Corporate Bond ETF in the fourth quarter worth $17,072,000. Bank of America Corp DE raised its stake in Invesco BulletShares 2028 Corporate Bond ETF by 20.2% during the 1st quarter. Bank of America Corp DE now owns 4,466,656 shares of the company’s stock worth $91,223,000 after buying an additional 752,039 shares during the period. Finally, Cvfg LLC bought a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF during the first quarter valued at approximately $9,258,000.

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.