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 stock price reached a new 52-week low on Wednesday. The company 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 Trading Down 0.0%

The business’s 50-day simple moving average is $20.82 and its two-hundred day simple moving average is $21.11.

Invesco BulletShares 2029 High Yield Corporate Bond ETF Increases Dividend

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

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

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