Sumitomo Life Insurance Co. Purchases 750,662 Shares of Invesco Senior Loan ETF $BKLN

Sumitomo Life Insurance Co. lifted its position in shares of Invesco Senior Loan ETF (NYSEARCA:BKLN) by 34.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,917,909 shares of the exchange traded fund’s stock after purchasing an additional 750,662 shares during the period. Invesco Senior Loan ETF accounts for approximately 1.9% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 12th largest position. Sumitomo Life Insurance Co.’s holdings in Invesco Senior Loan ETF were worth $61,072,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BKLN. Investment Management Corp of Ontario lifted its holdings in Invesco Senior Loan ETF by 34.7% in the 2nd quarter. Investment Management Corp of Ontario now owns 9,726,878 shares of the exchange traded fund’s stock worth $203,486,000 after buying an additional 2,506,226 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Invesco Senior Loan ETF by 4.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 8,666,825 shares of the exchange traded fund’s stock valued at $181,310,000 after buying an additional 342,655 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco Senior Loan ETF by 32.2% during the second quarter. Bank of America Corp DE now owns 6,265,015 shares of the exchange traded fund’s stock valued at $131,064,000 after acquiring an additional 1,526,209 shares in the last quarter. Ocean Park Asset Management LLC lifted its stake in Invesco Senior Loan ETF by 30.4% in the third quarter. Ocean Park Asset Management LLC now owns 6,087,886 shares of the exchange traded fund’s stock worth $127,419,000 after acquiring an additional 1,419,752 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Invesco Senior Loan ETF by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 4,089,439 shares of the exchange traded fund’s stock worth $85,442,000 after acquiring an additional 155,703 shares during the period.

Invesco Senior Loan ETF Price Performance

Shares of Invesco Senior Loan ETF stock opened at $20.42 on Thursday. Invesco Senior Loan ETF has a 12-month low of $20.02 and a 12-month high of $21.07. The company’s fifty day simple moving average is $20.84 and its two-hundred day simple moving average is $20.89.

Invesco Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be paid a $0.1006 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 23rd.

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.