Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) Hits New 1-Year Low – Should You Sell?

Shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $22.08 and last traded at $22.12, with a volume of 77894 shares changing hands. The stock had previously closed at $22.14.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Stock Performance

The stock has a 50-day moving average of $22.32 and a 200 day moving average of $22.37.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSJR. Asset Dedication LLC grew its holdings in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 44.3% in the first quarter. Asset Dedication LLC now owns 2,873 shares of the company’s stock valued at $64,000 after purchasing an additional 882 shares during the period. Geneos Wealth Management Inc. raised its stake in 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 worth $446,000 after purchasing an additional 1,160 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 4.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 33,391 shares of the company’s stock valued at $755,000 after purchasing an additional 1,337 shares during the last quarter. Evexia Wealth LLC boosted its holdings in Invesco BulletShares 2027 High Yield Corporate Bond ETF by 14.8% in the 1st quarter. Evexia Wealth LLC now owns 14,191 shares of the company’s stock valued at $320,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Anchor Investment Management LLC grew its stake in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 10.5% in the 1st quarter. Anchor Investment Management LLC now owns 20,990 shares of the company’s stock valued at $469,000 after buying an additional 2,000 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.