Bay Capital Advisors LLC Acquires Shares of 148,289 Invesco Senior Loan ETF (NYSEARCA:BKLN)

Bay Capital Advisors LLC bought a new position in Invesco Senior Loan ETF (NYSEARCA:BKLN) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 148,289 shares of the exchange traded fund’s stock, valued at approximately $3,124,000. Invesco Senior Loan ETF comprises about 2.5% of Bay Capital Advisors LLC’s holdings, making the stock its 11th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its stake in shares of Invesco Senior Loan ETF by 5,971.4% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,275 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 1,254 shares during the period. Avior Wealth Management LLC purchased a new stake in Invesco Senior Loan ETF in the third quarter worth $28,000. Continuum Advisory LLC lifted its position in shares of Invesco Senior Loan ETF by 1,068.9% during the third quarter. Continuum Advisory LLC now owns 2,139 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 1,956 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Invesco Senior Loan ETF during the fourth quarter valued at $52,000. Finally, Synergy Investment Management LLC bought a new position in shares of Invesco Senior Loan ETF in the fourth quarter worth about $69,000.

Invesco Senior Loan ETF Price Performance

Invesco Senior Loan ETF stock opened at $20.77 on Tuesday. The firm has a 50-day moving average of $20.98 and a two-hundred day moving average of $21.05. Invesco Senior Loan ETF has a 1 year low of $20.61 and a 1 year high of $21.24.

Invesco Senior Loan ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a $0.1078 dividend. The ex-dividend date is 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.