IFP Advisors Inc Increases Stake in Invesco BulletShares 2024 High Yield Corporate Bond ETF

IFP Advisors Inc has recently expanded its investment portfolio by increasing its holdings in the Invesco BulletShares 2024 High Yield Corporate Bond ETF (NASDAQ:BSJO). During the fourth quarter, IFP Advisors Inc raised its stake by 9.3% after acquiring an additional 9,761 shares, which brought their total ownership to 114,535 shares. The value of these shares was reported to be approximately $2,602,000 at the end of the latest quarter.

Investment Activity Among Hedge Funds

Hedge funds and other institutional investors have also been actively adjusting their positions in BSJO. Ironwood Wealth Management LLC. increased its position by 5.3% in the first quarter, reaching a total of 400,140 shares worth around $9,531,000. JPMorgan Chase & Co. initiated a new stake in BSJO during the same period, with an investment valued at $199,000.

Another noteworthy move came from Raymond James & Associates, which saw a remarkable increase of 325.4% in its holdings during the first quarter, securing 63,369 shares valued at $1,509,000. Synovus Financial Corp joined the trend by starting a new position in the ETF worth approximately $1,441,000. Nelson Van Denburg & Campbell Wealth Management Group LLC slightly raised its investments by 0.8%, now owning 239,962 shares with an approximate value of $5,715,000.

Price Performance and Dividends

The ETF's price performance has been monitored closely. BSJO opened at $22.74 and maintained a 50-day simple moving average of $22.71 and a 200-day simple moving average of $22.61. The ETF experienced a one-year low at $21.98 and hit a one-year high at $22.93.

Regarding dividends, Invesco BulletShares 2024 High Yield Corporate Bond ETF recently announced a monthly payout. On February 23rd, dividends of $0.1167 per share were distributed to shareholders recorded on February 21st. This dividend translates to a $1.40 annualized yield and 6.16% dividend yield, with the ex-dividend date set as February 20th.

About Invesco BulletShares 2024 High Yield Corporate Bond ETF

The BSJO ETF, launched on September 14, 2016, predominantly invests in high-yield, fixed-income corporate bonds that have effective maturities in the year 2024. Managed by Invesco, it aims to track a market-weighted index of these bonds.

Invesco, BSJO, IFP, ETF, Bonds, Investment