Invesco BulletShares 2031 High Yield Corporate Bond ETF (NASDAQ:BSJV) Stock Jumps 0.1% – Here’s Why

Invesco BulletShares 2031 High Yield Corporate Bond ETF (NASDAQ:BSJV) shares traded up 0.1% during mid-day trading on Monday. The stock traded as high as $25.30 and last traded at $25.20. Approximately 108,794 shares changed hands during trading, an increase of 287% from the average session volume of 28,104 shares. The stock had previously closed at $25.18.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Stock Down 0.6%

The firm has a fifty day simple moving average of $25.69 and a 200 day simple moving average of $26.02.

Invesco BulletShares 2031 High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.1359 per share. This is a drop from Invesco BulletShares 2031 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1472. This represents a $1.63 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Monday, September 21st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BSJV. IMA Advisory Services Inc. grew its stake in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 22.0% in the 1st quarter. IMA Advisory Services Inc. now owns 9,440 shares of the company’s stock valued at $245,000 after purchasing an additional 1,704 shares during the period. Jessup Wealth Management Inc lifted its position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 5.7% during the 1st quarter. Jessup Wealth Management Inc now owns 31,926 shares of the company’s stock worth $830,000 after buying an additional 1,728 shares during the period. Royal Bank of Canada lifted its position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF by 4.5% during the 1st quarter. Royal Bank of Canada now owns 47,939 shares of the company’s stock worth $1,246,000 after buying an additional 2,074 shares during the period. Tassel Capital Management Inc. bought a new position in shares of Invesco BulletShares 2031 High Yield Corporate Bond ETF during the 2nd quarter worth approximately $223,000. Finally, Ascentis Independent Advisors acquired a new stake in Invesco BulletShares 2031 High Yield Corporate Bond ETF in the 1st quarter valued at $343,000.

About Invesco BulletShares 2031 High Yield Corporate Bond ETF

The Invesco BulletShares 2031 High Yield Corporate Bond ETF (BSJV) 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 2031. BSJV was launched on Sep 20, 2023 and is issued by Invesco.