Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) Sees Large Volume Increase – Still a Buy?

Shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF (NASDAQ:BSJS) saw strong trading volume on Tuesday . Approximately 147,571 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 154,521 shares.The stock last traded at $21.81 and had previously closed at $21.82.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Trading Down 0.2%

The firm has a fifty day simple moving average of $21.81 and a 200-day simple moving average of $21.88.

Invesco BulletShares 2028 High Yield Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.1092 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. This is a boost from Invesco BulletShares 2028 High Yield Corporate Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Monday, June 22nd.

Hedge Funds Weigh In On Invesco BulletShares 2028 High Yield Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in BSJS. LPL Financial LLC raised its holdings in Invesco BulletShares 2028 High Yield Corporate Bond ETF by 21.0% during the 4th quarter. LPL Financial LLC now owns 2,153,307 shares of the company’s stock worth $47,373,000 after purchasing an additional 374,157 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 20.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,087,591 shares of the company’s stock valued at $23,927,000 after purchasing an additional 187,199 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 445.1% in the 3rd quarter. Raymond James Financial Inc. now owns 851,258 shares of the company’s stock valued at $18,796,000 after purchasing an additional 695,104 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 29.7% during the 1st quarter. Cetera Investment Advisers now owns 755,566 shares of the company’s stock worth $16,384,000 after buying an additional 172,870 shares during the period. Finally, Mirador Capital Partners LP grew its position in shares of Invesco BulletShares 2028 High Yield Corporate Bond ETF by 2,308.3% during the 2nd quarter. Mirador Capital Partners LP now owns 560,921 shares of the company’s stock worth $12,197,000 after buying an additional 537,630 shares during the period.

About Invesco BulletShares 2028 High Yield Corporate Bond ETF

The Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of USD-denominated corporate high yield bonds with effective maturities in 2028. BSJS was launched on Sep 16, 2020 and is managed by Invesco.