ETFs

Cwm LLC Acquires $12.22 Million Stake in Invesco BulletShares 2026 High Yield Corporate Bond ETF

Published October 12, 2024

Cwm LLC has increased its investment in the Invesco BulletShares 2026 High Yield Corporate Bond ETF (NASDAQ:BSJQ) by 21.6% during the third quarter of the year. According to reports, Cwm LLC now owns a total of 520,856 shares of this ETF, having acquired an additional 92,554 shares in the recent quarter. As per their latest filing with the SEC, Cwm LLC's holdings in this ETF are valued at approximately $12,217,000.

Other institutional investors have also been active in buying and selling shares of BSJQ. For example, Cetera Investment Advisers purchased a new stake during the first quarter, valued at $20,243,000. Another notable investor, Legacy Financial Group LLC, significantly raised its position in this ETF by an astonishing 3,376.0% in the same quarter. After acquiring an additional 614,528 shares, Legacy Financial Group now holds 632,731 shares, valued at $14,667,000.

Additionally, Raymond James Financial Services Advisors Inc. also made a new investment in the Invesco BulletShares 2026 High Yield Corporate Bond ETF, which is estimated to be worth around $13,355,000 from the second quarter. Mirador Capital Partners LP increased its stake in the ETF by 892.2% in the third quarter and now owns 179,838 shares valued at $4,218,000 after adding 161,712 shares. Lastly, GPM Growth Investors Inc. also expanded its positions by investing approximately $3,669,000 in this ETF during the second quarter.

Current Performance of Invesco BulletShares 2026 High Yield Corporate Bond ETF

The Invesco BulletShares 2026 High Yield Corporate Bond ETF had a recent trading value of $23.47 on the stock market. The ETF's 50-day moving average stands at $23.35, while the 200-day moving average is at $23.20. Over the past year, the ETF has recorded a low of $22.21 and a high of $23.56, indicating some stability in its price range.

About Invesco BulletShares 2026 High Yield Corporate Bond ETF

The Invesco BulletShares 2026 High Yield Corporate Bond ETF is designed to primarily invest in high-yield fixed income securities. It tracks a market-value-weighted index that includes high-yield corporate bonds due around 2026. This ETF was launched on August 9, 2018, and is managed by Invesco, a well-known investment management firm.

Recent Investor Trends

Investors have shown a growing interest in the Invesco BulletShares 2026 High Yield Corporate Bond ETF, reflective of broader market trends. With new investments from several financial institutions, it suggests a favorable outlook for high-yield bonds as they seek enhanced returns in a fluctuating economic landscape.

Investment, ETF, Finance