Invesco Senior Loan ETF (NYSEARCA:BKLN) Hits New 1-Year Low – Here’s What Happened

Invesco Senior Loan ETF (NYSEARCA:BKLN) reached a new 52-week low on Thursday . The company traded as low as $20.54 and last traded at $20.56, with a volume of 9996724 shares trading hands. The stock had previously closed at $20.73.

Invesco Senior Loan ETF Stock Down 0.9 %

The company has a fifty day moving average price of $20.93 and a 200-day moving average price of $21.03.

Invesco Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Investors 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

Several institutional investors have recently bought and sold shares of BKLN. McClarren Financial Advisors Inc. boosted its position in Invesco Senior Loan ETF by 5,971.4% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,275 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 1,254 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of Invesco Senior Loan ETF by 1,068.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,139 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 1,956 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Invesco Senior Loan ETF in the fourth quarter valued at approximately $52,000. Park Square Financial Group LLC purchased a new position in Invesco Senior Loan ETF during the fourth quarter worth approximately $62,000. Finally, Synergy Investment Management LLC acquired a new position in Invesco Senior Loan ETF during the fourth quarter worth $69,000.

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.