Asset Allocation Strategies LLC Invests $792,000 in Invesco Senior Loan ETF (NYSEARCA:BKLN)

Asset Allocation Strategies LLC purchased a new position in Invesco Senior Loan ETF (NYSEARCA:BKLN) during the third quarter, HoldingsChannel reports. The firm purchased 37,683 shares of the exchange traded fund’s stock, valued at approximately $792,000.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in Invesco Senior Loan ETF by 20.4% in the 3rd quarter. US Bancorp DE now owns 29,491 shares of the exchange traded fund’s stock worth $620,000 after acquiring an additional 4,999 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Invesco Senior Loan ETF during the 2nd quarter worth $1,328,000. Forefront Analytics LLC lifted its holdings in shares of Invesco Senior Loan ETF by 5.0% in the 2nd quarter. Forefront Analytics LLC now owns 287,819 shares of the exchange traded fund’s stock worth $6,056,000 after buying an additional 13,777 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Invesco Senior Loan ETF by 92.6% during the second quarter. The Manufacturers Life Insurance Company now owns 9,621,919 shares of the exchange traded fund’s stock valued at $202,420,000 after buying an additional 4,625,361 shares during the period. Finally, Whittier Trust Co. purchased a new stake in Invesco Senior Loan ETF in the second quarter worth about $50,000.

Invesco Senior Loan ETF Stock Performance

Shares of Invesco Senior Loan ETF stock opened at $21.14 on Wednesday. The firm’s 50-day moving average is $21.09 and its two-hundred day moving average is $21.06. Invesco Senior Loan ETF has a 1 year low of $20.61 and a 1 year high of $21.25.

Invesco Senior Loan ETF Company 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.