Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Sees Strong Trading Volume Following Dividend Announcement

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) saw unusually-high trading volume on Monday after the company announced a dividend. 163,327 shares changed hands during trading, an increase of 6% from the previous session’s volume of 153,699 shares.The stock last traded at $21.07 and had previously closed at $21.17.

The newly announced dividend which will be paid on Friday, July 24th. Stockholders of record on Monday, July 20th will be issued a dividend of $0.1137 per share. This is an increase 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 dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, July 20th.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Price Performance

The stock’s 50-day moving average price is $21.16 and its 200-day moving average price is $21.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 23.9% during the first quarter. Royal Bank of Canada now owns 49,448 shares of the company’s stock worth $1,042,000 after purchasing an additional 9,533 shares during the period. NewEdge Advisors LLC boosted its stake in shares of 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 buying an additional 57,168 shares during the period. Brown Advisory Inc. bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the second quarter valued at approximately $304,000. HUB Investment Partners LLC grew its position 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 buying an additional 920 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position 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 buying 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.