Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Share Price Break Below Fifty Day Moving Average – Time to Sell?

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $20.82 and traded as low as $20.73. Invesco BulletShares 2029 High Yield Corporate Bond ETF shares last traded at $20.77, with a volume of 77,169 shares traded.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

The firm’s 50-day moving average is $20.82 and its 200 day moving average is $21.11.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were issued a dividend of $0.1149 per share. This is a boost from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1110. The ex-dividend date was Monday, October 19th. This represents a $1.38 dividend on an annualized basis and a yield of 6.6%.

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of BSJT. VectorGlobal IAG Inc. acquired a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the first quarter worth about $759,000. Avior Wealth Management LLC bought a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the third quarter worth about $8,591,000. Private Client Services LLC bought a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the third quarter worth about $1,622,000. Tudor Financial Inc. bought a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter worth about $623,000. Finally, Segment Wealth Management LLC acquired a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 3rd quarter valued at approximately $885,000.

About Invesco BulletShares 2029 High Yield Corporate Bond ETF

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.