Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Sets New 52-Week Low – Should You Sell?

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $19.92 and last traded at $20.49, with a volume of 500 shares changing hands. The stock had previously closed at $20.77.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Stock Down 0.0%

The business’s fifty day moving average is $20.82 and its 200-day moving average is $21.11.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, October 19th were given a $0.1149 dividend. This is an increase from Invesco BulletShares 2029 High Yield Corporate Bond ETF’s previous monthly dividend of $0.1110. The ex-dividend date was Monday, October 19th. This represents a $1.38 annualized dividend and a yield of 6.6%.

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

A number of hedge funds have recently modified their holdings of the business. Legacy Financial Group LLC raised its position in Invesco BulletShares 2029 High Yield Corporate Bond ETF by 3.7% during the 3rd quarter. Legacy Financial Group LLC now owns 950,823 shares of the company’s stock worth $19,639,000 after purchasing an additional 33,951 shares during the last quarter. Harbour Investments Inc. bought a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 3rd quarter valued at about $1,486,000. Private Advisory Group LLC acquired a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the third quarter valued at about $513,000. Asset Dedication LLC acquired a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the third quarter valued at about $277,000. Finally, Kestra Advisory Services LLC increased its stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 11.1% in the third quarter. Kestra Advisory Services LLC now owns 27,890 shares of the company’s stock valued at $576,000 after buying an additional 2,784 shares during the period.

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.