Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) Hits New 52-Week Low – Here’s What Happened

Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $21.36 and last traded at $21.3850, with a volume of 24,342 shares. The stock had previously closed at $21.52.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Trading Up 0.1%

The stock has a fifty day moving average of $21.65 and a 200-day moving average of $21.75.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Monday, October 19th will be given a dividend of $0.1056 per share. This represents a $1.27 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Monday, October 19th. This is a positive change from Invesco BulletShares 2028 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1046.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Net Worth Advisory Group lifted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 7.0% in the 3rd quarter. Net Worth Advisory Group now owns 20,704 shares of the company’s stock worth $444,000 after acquiring an additional 1,353 shares during the period. Parkway Wealth Management Group LLC boosted its holdings in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 1.4% in the third quarter. Parkway Wealth Management Group LLC now owns 474,399 shares of the company’s stock valued at $10,160,000 after acquiring an additional 6,557 shares in the last quarter. Altium Investment Strategies LLC boosted its holdings in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 123.8% in the third quarter. Altium Investment Strategies LLC now owns 122,348 shares of the company’s stock valued at $2,634,000 after acquiring an additional 67,676 shares in the last quarter. AA Financial Advisors LLC boosted its holdings in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 7.3% in the third quarter. AA Financial Advisors LLC now owns 40,509 shares of the company’s stock valued at $868,000 after acquiring an additional 2,747 shares in the last quarter. Finally, AlphaStar Capital Management LLC acquired a new position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF during the third quarter worth about $519,000.

About Invesco BulletShares 2028 High Yield Corporate Bond ETF

The Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate high yield bonds with effective maturities in 2028. BSJS was launched on Sep 16, 2020 and is managed by Invesco.