Sumitomo Life Insurance Co. Boosts Stake in Invesco Senior Loan ETF $BKLN

Sumitomo Life Insurance Co. raised its holdings in Invesco Senior Loan ETF (NYSEARCA:BKLN) by 34.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,917,909 shares of the exchange traded fund’s stock after acquiring an additional 750,662 shares during the period. Invesco Senior Loan ETF makes up 1.9% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 12th largest position. Sumitomo Life Insurance Co. owned about 1.01% of Invesco Senior Loan ETF worth $61,072,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BKLN. BNP Paribas Financial Markets increased its position in shares of Invesco Senior Loan ETF by 44,959.7% in the second quarter. BNP Paribas Financial Markets now owns 2,637,345 shares of the exchange traded fund’s stock worth $55,173,000 after purchasing an additional 2,631,492 shares during the last quarter. Investment Management Corp of Ontario grew its stake 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco Senior Loan ETF by 83.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,943,994 shares of the exchange traded fund’s stock worth $82,508,000 after buying an additional 1,795,940 shares during the last quarter. Angeles Investment Advisors LLC purchased a new stake in shares of Invesco Senior Loan ETF during the 2nd quarter valued at $34,848,000. Finally, Hilton Capital Management LLC purchased a new stake in shares of Invesco Senior Loan ETF during the 2nd quarter valued at $32,394,000.

Invesco Senior Loan ETF Trading Up 0.2%

Shares of NYSEARCA:BKLN opened at $20.42 on Thursday. Invesco Senior Loan ETF has a 52-week low of $20.02 and a 52-week high of $21.07. The firm has a fifty day moving average of $20.84 and a 200 day moving average of $20.89.

Invesco Senior Loan ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.1006 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.9%.

Invesco Senior Loan ETF Company 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.