Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Reaches New 52-Week Low – Here’s What Happened

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCVGet Free Report)’s stock price hit a new 52-week low on Monday . The stock traded as low as $15.99 and last traded at $15.98, with a volume of 457495 shares traded. The stock had previously closed at $16.00.

Invesco BulletShares 2031 Corporate Bond ETF Stock Down 0.1%

The stock’s 50 day moving average price is $16.25 and its two-hundred day moving average price is $16.40.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.0672 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is a boost from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BSCV. Morgan Stanley increased its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 52.0% in the 4th quarter. Morgan Stanley now owns 6,129,247 shares of the company’s stock worth $102,328,000 after acquiring an additional 2,096,838 shares in the last quarter. Waverly Advisors LLC boosted its holdings in Invesco BulletShares 2031 Corporate Bond ETF by 5,276.1% in the 2nd quarter. Waverly Advisors LLC now owns 1,255,637 shares of the company’s stock worth $20,574,000 after buying an additional 1,232,281 shares during the last quarter. Stifel Financial Corp increased its stake in Invesco BulletShares 2031 Corporate Bond ETF by 696.8% during the 4th quarter. Stifel Financial Corp now owns 1,192,130 shares of the company’s stock worth $19,903,000 after buying an additional 1,042,509 shares in the last quarter. Focus Partners Wealth increased its stake in Invesco BulletShares 2031 Corporate Bond ETF by 1,561.8% during the 4th quarter. Focus Partners Wealth now owns 838,452 shares of the company’s stock worth $13,998,000 after buying an additional 787,997 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Invesco BulletShares 2031 Corporate Bond ETF by 2,342.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 574,549 shares of the company’s stock worth $9,592,000 after buying an additional 551,028 shares in the last quarter.

About Invesco BulletShares 2031 Corporate Bond ETF

(Get Free Report)

The Invesco BulletShares 2031 Corporate Bond ETF (BSCV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of investment grade corporate bonds with effective maturities in 2031. The fund will unwind in December 2031 and return capitals and proceeds to investors. BSCV was launched on Sep 15, 2021 and is managed by Invesco.

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