Davis Capital Management Decreases Stake in Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS)

Davis Capital Management lowered its stake in Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,150 shares of the company’s stock after selling 657 shares during the period. Davis Capital Management’s holdings in Invesco BulletShares 2028 Corporate Bond ETF were worth $262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BSCS. Leavell Investment Management Inc. acquired a new stake in shares of Invesco BulletShares 2028 Corporate Bond ETF in the fourth quarter worth $295,000. Private Trust Co. NA grew its position in Invesco BulletShares 2028 Corporate Bond ETF by 6,146.4% during the fourth quarter. Private Trust Co. NA now owns 4,310 shares of the company’s stock valued at $87,000 after buying an additional 4,241 shares during the period. Arkadios Wealth Advisors acquired a new stake in Invesco BulletShares 2028 Corporate Bond ETF during the fourth quarter valued at $313,000. Souders Financial Advisors grew its position in Invesco BulletShares 2028 Corporate Bond ETF by 5.6% during the fourth quarter. Souders Financial Advisors now owns 116,578 shares of the company’s stock valued at $2,364,000 after buying an additional 6,233 shares during the period. Finally, Segment Wealth Management LLC grew its position in Invesco BulletShares 2028 Corporate Bond ETF by 1.8% during the fourth quarter. Segment Wealth Management LLC now owns 58,230 shares of the company’s stock valued at $1,181,000 after buying an additional 1,040 shares during the period.

Invesco BulletShares 2028 Corporate Bond ETF Stock Up 0.6 %

BSCS stock traded up $0.11 during midday trading on Friday, hitting $20.42. 187,014 shares of the stock traded hands, compared to its average volume of 424,051. The stock’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $20.01. Invesco BulletShares 2028 Corporate Bond ETF has a 1-year low of $19.07 and a 1-year high of $20.42.

Invesco BulletShares 2028 Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 22nd were given a $0.081 dividend. This is a positive change from Invesco BulletShares 2028 Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, July 22nd. This represents a $0.97 annualized dividend and a dividend yield of 4.76%.

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.