Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Hits New 12-Month Low – Here’s What Happened

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT)’s share price hit a new 52-week low on Thursday. The stock traded as low as $20.62 and last traded at $20.5710, with a volume of 2284 shares changing hands. The stock had previously closed at $20.67.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Down 0.3%

The company has a 50 day moving average price of $21.06 and a 200-day moving average price of $21.12.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Investors of record on Monday, September 21st were issued a $0.1110 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is an increase from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1106. This represents a $1.33 annualized dividend and a yield of 6.5%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its holdings in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 7.3% in the second quarter. Integrated Wealth Concepts LLC now owns 18,521 shares of the company’s stock valued at $391,000 after acquiring an additional 1,268 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 3.3% during the second quarter. NewEdge Advisors LLC now owns 75,177 shares of the company’s stock worth $1,588,000 after purchasing an additional 2,425 shares in the last quarter. IFP Advisors Inc bought a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter worth approximately $86,000. Kinetic Wealth Investment Advisors LLC bought a new stake in Invesco BulletShares 2029 High Yield Corporate Bond ETF during the second quarter worth approximately $3,233,000. Finally, Citadel Advisors LLC lifted its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 68.8% in the second quarter. Citadel Advisors LLC now owns 25,557 shares of the company’s stock worth $540,000 after purchasing an additional 10,417 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.