Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) Hits New 52-Week Low – What’s Next?

Invesco BulletShares 2029 High Yield Corporate Bond ETF (NASDAQ:BSJT) shares reached a new 52-week low during trading on Thursday. The company traded as low as $20.62 and last traded at $20.5710, with a volume of 2284 shares traded. The stock had previously closed at $20.67.

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

The company has a fifty day moving average price of $21.06 and a two-hundred day moving average price of $21.12.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On Invesco BulletShares 2029 High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC purchased a new position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the second quarter worth approximately $8,444,000. IHT Wealth Management LLC purchased a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 4th quarter valued at approximately $7,940,000. Cetera Investment Advisers lifted its position in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF by 45.7% in the 1st quarter. Cetera Investment Advisers now owns 580,655 shares of the company’s stock valued at $12,214,000 after acquiring an additional 182,107 shares in the last quarter. Kinetic Wealth Investment Advisors LLC purchased a new stake in shares of Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 2nd quarter valued at approximately $3,233,000. Finally, Intrua Financial LLC acquired a new position in Invesco BulletShares 2029 High Yield Corporate Bond ETF in the 1st quarter worth approximately $870,000.

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.