Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) Reaches New 12-Month Low – Here’s Why

Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $22.19 and last traded at $22.1990, with a volume of 19975 shares trading hands. The stock had previously closed at $22.24.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Price Performance

The stock’s fifty day simple moving average is $22.34 and its 200 day simple moving average is $22.38.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 25th. Stockholders of record on Monday, September 21st will be given a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.1%. This is a drop from Invesco BulletShares 2027 High Yield Corporate Bond ETF’s previous monthly dividend of $0.0975. The ex-dividend date is Monday, September 21st.

Hedge Funds Weigh In On Invesco BulletShares 2027 High Yield Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in BSJR. Bank of America Corp DE lifted its stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 149.6% in the 1st quarter. Bank of America Corp DE now owns 536,744 shares of the company’s stock valued at $12,004,000 after purchasing an additional 321,691 shares during the last quarter. Matthew Goff Investment Advisor LLC acquired a new stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the 1st quarter worth about $6,780,000. OLD Second National Bank of Aurora acquired a new stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF during the 1st quarter worth about $5,829,000. Cetera Investment Advisers raised its holdings in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 15.0% in the 1st quarter. Cetera Investment Advisers now owns 1,612,081 shares of the company’s stock valued at $36,054,000 after buying an additional 210,151 shares during the period. Finally, Mirador Capital Partners LP raised its holdings in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 6.3% in the 2nd quarter. Mirador Capital Partners LP now owns 2,395,160 shares of the company’s stock valued at $53,521,000 after buying an additional 142,552 shares during the period.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Company Profile

The Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of high-yield corporate bonds with effective maturities in 2027. BSJR was launched on Sep 12, 2019 and is managed by Invesco.