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

Shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) hit a new 52-week low during trading on Wednesday. The stock traded as low as $22.07 and last traded at $22.1150, with a volume of 16,763 shares trading hands. The stock had previously closed at $22.10.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Stock Up 0.1%

The stock’s fifty day moving average price is $22.28 and its 200-day moving average price is $22.36.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 23rd. Investors of record on Monday, October 19th will be paid a dividend of $0.0978 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, October 19th. This is an increase from Invesco BulletShares 2027 High Yield Corporate Bond ETF’s previous monthly dividend of $0.0938.

Institutional Investors Weigh In On Invesco BulletShares 2027 High Yield Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in BSJR. Asset Dedication LLC boosted its position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 44.3% during the 1st quarter. Asset Dedication LLC now owns 2,873 shares of the company’s stock valued at $64,000 after acquiring an additional 882 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 6.2% during the first quarter. Geneos Wealth Management Inc. now owns 19,930 shares of the company’s stock valued at $446,000 after acquiring an additional 1,160 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Invesco BulletShares 2027 High Yield Corporate Bond ETF in the third quarter valued at approximately $30,000. Richards Merrill & Peterson Inc. acquired a new stake in Invesco BulletShares 2027 High Yield Corporate Bond ETF in the 3rd quarter valued at $42,000. Finally, Anchor Investment Management LLC grew its holdings in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 10.5% during the 1st quarter. Anchor Investment Management LLC now owns 20,990 shares of the company’s stock worth $469,000 after acquiring an additional 2,000 shares in the last quarter.

About Invesco BulletShares 2027 High Yield Corporate Bond ETF

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.