Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) Sees Strong Trading Volume – Still a Buy?

Invesco BulletShares 2027 High Yield Corporate Bond ETF (NASDAQ:BSJR) saw unusually-high trading volume on Tuesday . Approximately 146,758 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 177,879 shares.The stock last traded at $22.29 and had previously closed at $22.27.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Price Performance

The firm has a 50 day moving average price of $22.37 and a 200-day moving average price of $22.46.

Invesco BulletShares 2027 High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were paid a dividend of $0.0985 per share. The ex-dividend date was Monday, July 20th. This is an increase from Invesco BulletShares 2027 High Yield Corporate Bond ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

Institutional Trading of Invesco BulletShares 2027 High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 68.1% during the fourth quarter. GAMMA Investing LLC now owns 1,140 shares of the company’s stock worth $26,000 after purchasing an additional 462 shares in the last quarter. Imprint Wealth LLC acquired a new position in Invesco BulletShares 2027 High Yield Corporate Bond ETF in the 4th quarter valued at $32,000. Western Wealth Management LLC purchased a new position in Invesco BulletShares 2027 High Yield Corporate Bond ETF during the first quarter worth about $45,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco BulletShares 2027 High Yield Corporate Bond ETF by 81.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,459 shares of the company’s stock valued at $56,000 after buying an additional 1,103 shares during the period. Finally, 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 worth $64,000 after purchasing an additional 882 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.