Sequoia Financial Advisors LLC Takes Position in Invesco Senior Loan ETF (NYSEARCA:BKLN)

Sequoia Financial Advisors LLC purchased a new stake in shares of Invesco Senior Loan ETF (NYSEARCA:BKLN) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 418,889 shares of the exchange traded fund’s stock, valued at approximately $8,826,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. PFG Advisors acquired a new stake in shares of Invesco Senior Loan ETF during the 4th quarter valued at approximately $353,000. HighTower Advisors LLC lifted its position in shares of Invesco Senior Loan ETF by 31.6% during the 4th quarter. HighTower Advisors LLC now owns 98,724 shares of the exchange traded fund’s stock valued at $2,080,000 after acquiring an additional 23,719 shares during the period. DSC Meridian Capital LP lifted its position in shares of Invesco Senior Loan ETF by 316.4% during the 4th quarter. DSC Meridian Capital LP now owns 2,155,992 shares of the exchange traded fund’s stock valued at $45,427,000 after acquiring an additional 1,638,219 shares during the period. Wealthfront Advisers LLC lifted its position in shares of Invesco Senior Loan ETF by 24.9% during the 4th quarter. Wealthfront Advisers LLC now owns 76,171 shares of the exchange traded fund’s stock valued at $1,605,000 after acquiring an additional 15,208 shares during the period. Finally, Inspire Advisors LLC raised its position in shares of Invesco Senior Loan ETF by 12.4% during the 4th quarter. Inspire Advisors LLC now owns 647,292 shares of the exchange traded fund’s stock worth $13,638,000 after purchasing an additional 71,235 shares during the last quarter.

Invesco Senior Loan ETF Stock Performance

Shares of Invesco Senior Loan ETF stock opened at $20.84 on Thursday. Invesco Senior Loan ETF has a 1 year low of $20.61 and a 1 year high of $21.25. The business has a 50 day moving average price of $21.03 and a 200 day moving average price of $21.06.

Invesco Senior Loan ETF 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.