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) saw an uptick in trading volume on Wednesday . Approximately 261,198 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 155,945 shares.The stock last traded at $21.20 and had previously closed at $21.17.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

The stock’s fifty day moving average price is $21.14 and its two-hundred day moving average price is $21.21.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were paid a $0.1137 dividend. This is a boost from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Monday, July 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 23.9% during the 1st quarter. Royal Bank of Canada now owns 49,448 shares of the company’s stock worth $1,042,000 after acquiring an additional 9,533 shares in the last quarter. NewEdge Advisors LLC increased its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2,821.7% in the first quarter. NewEdge Advisors LLC now owns 59,194 shares of the company’s stock valued at $1,248,000 after purchasing an additional 57,168 shares during the last quarter. Brown Advisory Inc. purchased a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the second quarter valued at approximately $304,000. HUB Investment Partners LLC raised its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 2.5% during the second quarter. HUB Investment Partners LLC now owns 37,963 shares of the company’s stock worth $817,000 after purchasing an additional 920 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 13.4% during the second quarter. Raymond James Financial Inc. now owns 142,219 shares of the company’s stock worth $3,061,000 after purchasing an additional 16,842 shares in 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.