Envestnet Portfolio Solutions Inc. Raises Position in Invesco Senior Loan ETF $BKLN

Envestnet Portfolio Solutions Inc. lifted its holdings in Invesco Senior Loan ETF (NYSEARCA:BKLN) by 7.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 521,436 shares of the exchange traded fund’s stock after purchasing an additional 35,562 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.18% of Invesco Senior Loan ETF worth $10,914,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Investment Management Corp of Ontario grew its stake in shares of Invesco Senior Loan ETF by 34.7% during the second quarter. Investment Management Corp of Ontario now owns 9,726,878 shares of the exchange traded fund’s stock worth $203,486,000 after acquiring an additional 2,506,226 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 last quarter. Bank of America Corp DE increased its position in shares of Invesco Senior Loan ETF by 32.2% in the 2nd 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 during the period. Ocean Park Asset Management LLC raised its stake in Invesco Senior Loan ETF by 30.4% in the 3rd 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 last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Invesco Senior Loan ETF by 4.0% in the 2nd 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 last quarter.

Invesco Senior Loan ETF Trading Down 0.1%

Invesco Senior Loan ETF stock opened at $20.88 on Friday. The business’s 50-day simple moving average is $20.97 and its two-hundred day simple moving average is $20.94. Invesco Senior Loan ETF has a fifty-two week low of $20.02 and a fifty-two week high of $21.09.

Invesco Senior Loan ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.1078 dividend. This is an increase from Invesco Senior Loan ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Tuesday, January 20th.

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.