Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) Sets New 52-Week High – Still a Buy?

Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $25.00 and last traded at $25.00, with a volume of 103 shares trading hands. The stock had previously closed at $20.35.

Invesco BulletShares 2028 Corporate Bond ETF Stock Down 0.0 %

The stock’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $20.27.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 18th were issued a $0.0761 dividend. This is a positive change from Invesco BulletShares 2028 Corporate Bond ETF’s previous dividend of $0.01. The ex-dividend date was Monday, November 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TruWealth Advisors LLC lifted its holdings in Invesco BulletShares 2028 Corporate Bond ETF by 1.2% in the 3rd quarter. TruWealth Advisors LLC now owns 2,746,958 shares of the company’s stock valued at $56,478,000 after purchasing an additional 32,976 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 59,745 shares of the company’s stock worth $1,192,000 after acquiring an additional 1,220 shares during the period. Raymond James & Associates lifted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 96.6% during the 2nd quarter. Raymond James & Associates now owns 1,732,471 shares of the company’s stock worth $34,563,000 after acquiring an additional 851,195 shares during the period. Secure Asset Management LLC lifted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 3.5% during the 2nd quarter. Secure Asset Management LLC now owns 112,891 shares of the company’s stock worth $2,252,000 after acquiring an additional 3,869 shares during the period. Finally, SFE Investment Counsel lifted its holdings in shares of Invesco BulletShares 2028 Corporate Bond ETF by 18.4% during the 2nd quarter. SFE Investment Counsel now owns 183,598 shares of the company’s stock worth $3,663,000 after acquiring an additional 28,568 shares during the period.

About Invesco BulletShares 2028 Corporate Bond ETF

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.