Invesco Senior Loan ETF (NYSEARCA:BKLN) Sees Unusually-High Trading Volume – Here’s Why

Invesco Senior Loan ETF (NYSEARCA:BKLN) saw an uptick in trading volume on Friday . 22,514,265 shares were traded during trading, an increase of 66% from the previous session’s volume of 13,576,494 shares.The stock last traded at $20.28 and had previously closed at $20.52.

Invesco Senior Loan ETF Trading Down 0.9 %

The stock’s 50-day moving average is $20.90 and its 200-day moving average is $21.02.

Invesco Senior Loan ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BKLN. Kestra Private Wealth Services LLC increased its holdings in Invesco Senior Loan ETF by 13.2% during the 4th 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 increased its stake in shares of Invesco Senior Loan ETF by 5.5% in the fourth 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 raised its holdings in Invesco Senior Loan ETF by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 84,099 shares of the exchange traded fund’s stock valued at $1,767,000 after acquiring an additional 1,940 shares in the last quarter. Blue Trust Inc. bought a new position in Invesco Senior Loan ETF during the 4th quarter valued at $117,000. Finally, Principal Securities Inc. grew its stake in Invesco Senior Loan ETF by 9.9% in the fourth quarter. Principal Securities Inc. now owns 11,047 shares of the exchange traded fund’s stock worth $233,000 after purchasing 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.