Cornerstone Wealth Management LLC grew its stake in shares of Invesco BulletShares 2027 Corporate Bond ETF (NASDAQ:BSCR – Free Report) by 5.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 926,780 shares of the company’s stock after purchasing an additional 44,796 shares during the period. Invesco BulletShares 2027 Corporate Bond ETF comprises approximately 0.8% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Cornerstone Wealth Management LLC owned about 0.40% of Invesco BulletShares 2027 Corporate Bond ETF worth $18,114,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its holdings in shares of Invesco BulletShares 2027 Corporate Bond ETF by 5.8% in the first quarter. Lido Advisors LLC now owns 70,691,925 shares of the company’s stock valued at $1,400,120,000 after purchasing an additional 3,854,896 shares in the last quarter. Bank of America Corp DE grew its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 11.4% during the first quarter. Bank of America Corp DE now owns 5,588,500 shares of the company’s stock worth $109,674,000 after buying an additional 571,979 shares in the last quarter. Royal Bank of Canada grew its holdings in Invesco BulletShares 2027 Corporate Bond ETF by 30.2% during the first quarter. Royal Bank of Canada now owns 2,390,339 shares of the company’s stock worth $46,909,000 after buying an additional 554,441 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Invesco BulletShares 2027 Corporate Bond ETF in the 3rd quarter valued at $36,540,000. Finally, Davis R M Inc. raised its position in Invesco BulletShares 2027 Corporate Bond ETF by 3.6% in the 1st quarter. Davis R M Inc. now owns 1,725,794 shares of the company’s stock valued at $33,869,000 after buying an additional 59,833 shares during the last quarter.
Invesco BulletShares 2027 Corporate Bond ETF Stock Performance
Shares of NASDAQ:BSCR opened at $19.57 on Wednesday. The stock’s fifty day simple moving average is $19.58 and its two-hundred day simple moving average is $19.64. Invesco BulletShares 2027 Corporate Bond ETF has a 1-year low of $19.52 and a 1-year high of $19.79.
Invesco BulletShares 2027 Corporate Bond ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Monday, October 19th were paid a $0.0690 dividend. This represents a $0.83 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, October 19th. This is a negative change from Invesco BulletShares 2027 Corporate Bond ETF’s previous monthly dividend of $0.0697.
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.
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