Hobbs Group Advisors LLC Invests $210,000 in Invesco Senior Loan ETF (NYSEARCA:BKLN)

Hobbs Group Advisors LLC purchased a new position in Invesco Senior Loan ETF (NYSEARCA:BKLN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the exchange traded fund’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Ninety One UK Ltd raised its holdings in shares of Invesco Senior Loan ETF by 106.6% in the second quarter. Ninety One UK Ltd now owns 586,800 shares of the exchange traded fund’s stock worth $12,346,000 after buying an additional 302,800 shares during the period. Ninety One North America Inc. purchased a new stake in shares of Invesco Senior Loan ETF in the second quarter worth approximately $421,000. Raymond James Financial Services Advisors Inc. grew its stake in Invesco Senior Loan ETF by 11.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 750,416 shares of the exchange traded fund’s stock worth $15,789,000 after purchasing an additional 78,167 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Invesco Senior Loan ETF by 11.6% in the second quarter. Apollon Wealth Management LLC now owns 111,806 shares of the exchange traded fund’s stock worth $2,352,000 after purchasing an additional 11,601 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in Invesco Senior Loan ETF in the second quarter worth approximately $215,000.

Invesco Senior Loan ETF Price Performance

NYSEARCA:BKLN remained flat at $20.89 during midday trading on Tuesday. The company had a trading volume of 9,187,246 shares, compared to its average volume of 11,428,403. Invesco Senior Loan ETF has a 52 week low of $20.61 and a 52 week high of $21.27. The company’s 50 day simple moving average is $21.04 and its 200-day simple moving average is $21.09.

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.