Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Hits New 1-Year Low – What’s Next?

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT)’s stock price reached a new 52-week low on Friday. The company traded as low as $20.72 and last traded at $20.7590, with a volume of 44661 shares traded. The stock had previously closed at $20.77.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

The company’s 50 day moving average is $21.09 and its 200-day moving average is $21.14.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 25th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.1110 per share. This is a positive change from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1106. This represents a $1.33 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, September 21st.

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 7.3% in the second quarter. Integrated Wealth Concepts LLC now owns 18,521 shares of the company’s stock worth $391,000 after acquiring an additional 1,268 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 3.3% during the second quarter. NewEdge Advisors LLC now owns 75,177 shares of the company’s stock valued at $1,588,000 after acquiring an additional 2,425 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter valued at $86,000. Kinetic Wealth Investment Advisors LLC purchased a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 2nd quarter worth about $3,233,000. Finally, Citadel Advisors LLC raised its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 68.8% in the 2nd quarter. Citadel Advisors LLC now owns 25,557 shares of the company’s stock worth $540,000 after purchasing an additional 10,417 shares during the last quarter.

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.