Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Sees Unusually-High Trading Volume – Here’s Why

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) shares saw unusually-high trading volume on Monday . 253,486 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 154,838 shares.The stock last traded at $21.12 and had previously closed at $21.08.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

The company has a fifty day simple moving average of $21.15 and a 200-day simple moving average of $21.23.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On Invesco BulletShares 2029 High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. increased its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 3.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 48,387 shares of the company’s stock worth $1,022,000 after purchasing an additional 1,724 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the 2nd quarter worth about $8,444,000. VectorGlobal IAG Inc. purchased a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the first quarter valued at about $759,000. NewEdge Advisors LLC lifted its stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 10.4% during the first quarter. NewEdge Advisors LLC now owns 72,752 shares of the company’s stock valued at $1,530,000 after buying an additional 6,847 shares in the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 146.8% in the first quarter. Asset Dedication LLC now owns 23,856 shares of the company’s stock worth $502,000 after buying an additional 14,191 shares during the period.

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.