Invesco Senior Loan ETF (NYSEARCA:BKLN) Sets New 12-Month Low – What’s Next?

Invesco Senior Loan ETF (NYSEARCA:BKLN)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $20.02 and last traded at $20.63, with a volume of 77716425 shares trading hands. The stock had previously closed at $20.14.

Invesco Senior Loan ETF Trading Up 2.4 %

The firm’s fifty day simple moving average is $20.85 and its 200 day simple moving average is $21.00.

Invesco Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.1078 per share. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Senior Loan ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC lifted its stake in Invesco Senior Loan ETF by 13.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 25,234 shares of the exchange traded fund’s stock worth $532,000 after purchasing an additional 2,939 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Invesco Senior Loan ETF by 5.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 285,161 shares of the exchange traded fund’s stock worth $6,008,000 after buying an additional 14,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Senior Loan ETF by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 84,099 shares of the exchange traded fund’s stock valued at $1,767,000 after buying an additional 1,940 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Invesco Senior Loan ETF in the 4th quarter valued at $117,000. Finally, Principal Securities Inc. raised its stake in Invesco Senior Loan ETF by 9.9% during the 4th quarter. Principal Securities Inc. now owns 11,047 shares of the exchange traded fund’s stock worth $233,000 after acquiring an additional 997 shares in the last quarter.

About Invesco Senior Loan ETF

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.