Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) Hits New 52-Week Low – What’s Next?

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

Invesco BulletShares 2027 High Yield Corporate Bond ETF Price Performance

The firm has a 50 day moving average price of $22.35 and a 200-day moving average price of $22.39.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be given a $0.0938 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BSJR. Mirador Capital Partners LP raised its holdings in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 6.3% during the second quarter. Mirador Capital Partners LP now owns 2,395,160 shares of the company’s stock worth $53,521,000 after purchasing an additional 142,552 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 15.0% in the first 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 last quarter. Bank of America Corp DE lifted its position in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 149.6% during the 1st quarter. Bank of America Corp DE now owns 536,744 shares of the company’s stock worth $12,004,000 after acquiring an additional 321,691 shares during the period. Parkway Wealth Management Group LLC lifted its holdings in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 14.6% during the first quarter. Parkway Wealth Management Group LLC now owns 453,544 shares of the company’s stock worth $10,211,000 after purchasing an additional 57,701 shares during the period. Finally, Collective Family Office LLC lifted its stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 24.5% in the 2nd quarter. Collective Family Office LLC now owns 366,184 shares of the company’s stock worth $8,183,000 after acquiring an additional 72,012 shares during the period.

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.