Prudential PLC Increases Holdings in Invesco Senior Loan ETF $BKLN

Prudential PLC lifted its holdings in shares of Invesco Senior Loan ETF (NYSEARCA:BKLN) by 71.9% during the third quarter, HoldingsChannel reports. The firm owned 2,438,839 shares of the exchange traded fund’s stock after purchasing an additional 1,019,795 shares during the quarter. Prudential PLC’s holdings in Invesco Senior Loan ETF were worth $51,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Focus Partners Wealth increased its holdings in Invesco Senior Loan ETF by 553.5% during the first quarter. Focus Partners Wealth now owns 45,753 shares of the exchange traded fund’s stock worth $947,000 after buying an additional 38,752 shares during the last quarter. Allworth Financial LP boosted its stake in Invesco Senior Loan ETF by 11.1% in the second quarter. Allworth Financial LP now owns 6,242 shares of the exchange traded fund’s stock valued at $131,000 after acquiring an additional 626 shares during the last quarter. Donoghue Forlines LLC boosted its stake in Invesco Senior Loan ETF by 491.6% in the second quarter. Donoghue Forlines LLC now owns 762,130 shares of the exchange traded fund’s stock valued at $15,944,000 after acquiring an additional 633,303 shares during the last quarter. Mittelman Wealth Management grew its position in shares of Invesco Senior Loan ETF by 79.9% during the 2nd quarter. Mittelman Wealth Management now owns 48,376 shares of the exchange traded fund’s stock valued at $1,012,000 after acquiring an additional 21,485 shares during the period. Finally, Kingsview Wealth Management LLC grew its position in shares of Invesco Senior Loan ETF by 78.5% during the 2nd quarter. Kingsview Wealth Management LLC now owns 164,591 shares of the exchange traded fund’s stock valued at $3,443,000 after acquiring an additional 72,406 shares during the period.

Invesco Senior Loan ETF Stock Performance

Shares of BKLN stock opened at $20.46 on Friday. The company has a 50 day moving average of $20.70 and a 200-day moving average of $20.85. Invesco Senior Loan ETF has a 12-month low of $20.02 and a 12-month high of $21.07.

Invesco Senior Loan ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.1006 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, February 23rd.

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.