Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Sees Large Volume Increase – Still a Buy?

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) shares saw strong trading volume on Tuesday . Approximately 158,374 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 151,077 shares.The stock last traded at $21.14 and had previously closed at $21.18.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

The stock’s 50-day moving average is $21.18 and its 200-day moving average is $21.29.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.1098 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BSJT. Leo Wealth LLC acquired a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the fourth quarter worth approximately $9,098,000. Howard Wealth Management LLC increased its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 47.7% during the 4th quarter. Howard Wealth Management LLC now owns 172,090 shares of the company’s stock valued at $3,702,000 after purchasing an additional 55,616 shares during the period. Sax Wealth Advisors LLC bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 4th quarter worth $551,000. Legacy Financial Group LLC raised its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 12.7% in the 4th quarter. Legacy Financial Group LLC now owns 820,334 shares of the company’s stock worth $17,596,000 after buying an additional 92,674 shares in the last quarter. Finally, Intrua Financial LLC acquired a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the first quarter valued at $870,000.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Company Profile

The Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT) 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 2029. BSJT was launched on Sep 15, 2021 and is managed by Invesco.