Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT) Sets New 12-Month Low – Here’s Why

Invesco BulletShares 2029 Corporate Bond ETF (NASDAQ:BSCT)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $18.41 and last traded at $18.4040, with a volume of 25874 shares trading hands. The stock had previously closed at $18.44.

Invesco BulletShares 2029 Corporate Bond ETF Stock Down 0.2%

The company’s 50 day simple moving average is $18.52 and its 200-day simple moving average is $18.61.

Invesco BulletShares 2029 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.0702 dividend. The ex-dividend date of this dividend was Monday, August 24th. This is an increase from Invesco BulletShares 2029 Corporate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Investors Weigh In On Invesco BulletShares 2029 Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in BSCT. Anchor Investment Management LLC raised its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3,204.2% in the 1st quarter. Anchor Investment Management LLC now owns 1,139,118 shares of the company’s stock valued at $21,256,000 after acquiring an additional 1,104,643 shares in the last quarter. Morgan Stanley boosted its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 14.3% during the 4th quarter. Morgan Stanley now owns 8,288,748 shares of the company’s stock valued at $156,119,000 after acquiring an additional 1,036,113 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 6,154,081 shares of the company’s stock worth $115,912,000 after purchasing an additional 920,814 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Invesco BulletShares 2029 Corporate Bond ETF by 3,855.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 878,491 shares of the company’s stock worth $16,546,000 after purchasing an additional 856,284 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Invesco BulletShares 2029 Corporate Bond ETF by 32.0% in the first quarter. Bank of America Corp DE now owns 3,487,306 shares of the company’s stock worth $65,073,000 after purchasing an additional 845,134 shares during the last quarter.

About Invesco BulletShares 2029 Corporate Bond ETF

The Invesco BulletShares 2029 Corporate Bond ETF (BSCT) 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 2029. BSCT was launched on Sep 12, 2019 and is managed by Invesco.