Invesco Senior Loan ETF (NYSEARCA:BKLN) Sees Large Volume Increase – What’s Next?

Invesco Senior Loan ETF (NYSEARCA:BKLN) saw unusually-strong trading volume on Tuesday . Approximately 25,765,039 shares traded hands during trading, an increase of 121% from the previous session’s volume of 11,661,193 shares.The stock last traded at $20.87 and had previously closed at $20.89.

Invesco Senior Loan ETF Stock Performance

The stock’s 50-day simple moving average is $21.05 and its 200 day simple moving average is $21.06.

Hedge Funds Weigh In On Invesco Senior Loan ETF

A number of large investors have recently bought and sold shares of the company. TD Asset Management Inc. purchased a new position in Invesco Senior Loan ETF during the 4th quarter worth $392,497,000. Ocean Park Asset Management LLC grew its stake in shares of Invesco Senior Loan ETF by 2,838.3% during the 4th quarter. Ocean Park Asset Management LLC now owns 18,160,609 shares of the exchange traded fund’s stock worth $382,644,000 after purchasing an additional 17,542,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Invesco Senior Loan ETF during the 3rd quarter worth $346,665,000. Invesco Ltd. grew its stake in shares of Invesco Senior Loan ETF by 17.8% during the 4th quarter. Invesco Ltd. now owns 12,026,978 shares of the exchange traded fund’s stock worth $253,408,000 after purchasing an additional 1,820,689 shares during the period. Finally, Investment Management Corp of Ontario grew its stake in shares of Invesco Senior Loan ETF by 0.9% during the 3rd quarter. Investment Management Corp of Ontario now owns 10,892,627 shares of the exchange traded fund’s stock worth $228,854,000 after purchasing an additional 101,849 shares during the period.

Invesco Senior Loan ETF Company Profile

The Invesco Senior Loan ETF (BKLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index of senior loans issued by banks to corporations. BKLN was launched on Mar 3, 2011 and is managed by Invesco.