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

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw strong trading volume on Wednesday . Approximately 261,198 shares traded hands during 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 business has a 50 day simple moving average of $21.14 and a 200 day simple moving average of $21.21.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

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

Institutional Trading of Invesco BulletShares 2029 High Yield Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in BSJT. LPL Financial LLC increased its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 7.2% during the 4th quarter. LPL Financial LLC now owns 2,444,246 shares of the company’s stock worth $52,576,000 after purchasing an additional 163,307 shares during the last quarter. Legacy Financial Group LLC boosted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 12.7% in the fourth quarter. Legacy Financial Group LLC now owns 820,334 shares of the company’s stock worth $17,596,000 after purchasing an additional 92,674 shares in the last quarter. Equitable Holdings Inc. boosted its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 5.2% in the third quarter. Equitable Holdings Inc. now owns 625,312 shares of the company’s stock worth $13,488,000 after purchasing an additional 30,815 shares in the last quarter. Wells Fargo & Company MN increased its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 62.0% during the fourth quarter. Wells Fargo & Company MN now owns 594,865 shares of the company’s stock worth $12,796,000 after buying an additional 227,750 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 45.7% during the first quarter. Cetera Investment Advisers now owns 580,655 shares of the company’s stock worth $12,214,000 after buying an additional 182,107 shares during the last quarter.

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.