Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCV) Reaches New 12-Month Low – What’s Next?

Invesco BulletShares 2031 Corporate Bond ETF (NASDAQ:BSCVGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.23 and last traded at $16.23, with a volume of 123855 shares trading hands. The stock had previously closed at $16.26.

Invesco BulletShares 2031 Corporate Bond ETF Stock Performance

The firm has a 50 day simple moving average of $16.38 and a two-hundred day simple moving average of $16.53.

Invesco BulletShares 2031 Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 20th will be issued a dividend of $0.065 per share. This is an increase from Invesco BulletShares 2031 Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Trading of Invesco BulletShares 2031 Corporate Bond ETF

Several large investors have recently bought and sold shares of BSCV. Morgan Stanley grew its holdings in shares of Invesco BulletShares 2031 Corporate Bond ETF by 52.0% during the 4th quarter. Morgan Stanley now owns 6,129,247 shares of the company’s stock valued at $102,328,000 after purchasing an additional 2,096,838 shares during the last quarter. Stifel Financial Corp lifted its stake in Invesco BulletShares 2031 Corporate Bond ETF by 696.8% in the 4th quarter. Stifel Financial Corp now owns 1,192,130 shares of the company’s stock valued at $19,903,000 after purchasing an additional 1,042,509 shares during the last quarter. Focus Partners Wealth boosted its position in Invesco BulletShares 2031 Corporate Bond ETF by 1,561.8% in the fourth quarter. Focus Partners Wealth now owns 838,452 shares of the company’s stock valued at $13,998,000 after buying an additional 787,997 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Invesco BulletShares 2031 Corporate Bond ETF by 2,342.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 574,549 shares of the company’s stock valued at $9,592,000 after buying an additional 551,028 shares in the last quarter. Finally, Legacy Financial Group LLC bought a new stake in shares of Invesco BulletShares 2031 Corporate Bond ETF during the fourth quarter worth $9,169,000.

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.

Further Reading

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