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-strong trading volume on Tuesday . Approximately 158,374 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 151,077 shares.The stock last traded at $21.14 and had previously closed at $21.18.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Trading Down 0.1%

The company has a 50-day moving average of $21.19 and a 200-day moving average of $21.29.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.1098 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 6.2%.

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

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