Invesco Senior Loan ETF Target of Unusually Large Options Trading (NYSEARCA:BKLN)

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the recipient of some unusual options trading on Monday. Traders bought 21,048 put options on the stock. This represents an increase of 1,143% compared to the average daily volume of 1,694 put options.

Institutional Trading of Invesco Senior Loan ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Asset Management Inc. purchased a new stake in shares of Invesco Senior Loan ETF in the fourth quarter worth approximately $392,497,000. Ocean Park Asset Management LLC raised its position in Invesco Senior Loan ETF by 2,838.3% in the 4th quarter. Ocean Park Asset Management LLC now owns 18,160,609 shares of the exchange traded fund’s stock valued at $382,644,000 after buying an additional 17,542,541 shares during the last quarter. Invesco Ltd. lifted its stake in Invesco Senior Loan ETF by 17.8% during the 4th quarter. Invesco Ltd. now owns 12,026,978 shares of the exchange traded fund’s stock valued at $253,408,000 after acquiring an additional 1,820,689 shares in the last quarter. Investment Management Corp of Ontario boosted its holdings in Invesco Senior Loan ETF by 0.9% during the 3rd quarter. Investment Management Corp of Ontario now owns 10,892,627 shares of the exchange traded fund’s stock worth $228,854,000 after acquiring an additional 101,849 shares during the last quarter. Finally, Grimes & Company Inc. grew its stake in shares of Invesco Senior Loan ETF by 3.1% in the 4th quarter. Grimes & Company Inc. now owns 9,792,889 shares of the exchange traded fund’s stock worth $206,336,000 after acquiring an additional 295,869 shares in the last quarter.

Invesco Senior Loan ETF Stock Performance

NYSEARCA BKLN traded up $0.01 on Monday, reaching $20.72. The company had a trading volume of 7,272,147 shares, compared to its average volume of 15,026,060. Invesco Senior Loan ETF has a fifty-two week low of $20.61 and a fifty-two week high of $21.24. The business has a 50 day moving average of $20.95 and a two-hundred day moving average of $21.04.

Invesco Senior Loan ETF Cuts Dividend

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

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.