Invesco Senior Loan ETF (NYSEARCA:BKLN) Reaches New 52-Week Low – Should You Sell?

Invesco Senior Loan ETF (NYSEARCA:BKLN)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $20.54 and last traded at $20.56, with a volume of 9996724 shares. The stock had previously closed at $20.73.

Invesco Senior Loan ETF Stock Down 0.9 %

The stock has a fifty day moving average of $20.90 and a 200 day moving average of $21.02.

Invesco Senior Loan ETF Cuts Dividend

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

Hedge Funds Weigh In On Invesco Senior Loan ETF

A number of hedge funds have recently modified their holdings of BKLN. Insight Wealth Strategies LLC lifted its stake in shares of Invesco Senior Loan ETF by 25.9% during the 1st quarter. Insight Wealth Strategies LLC now owns 876,214 shares of the exchange traded fund’s stock valued at $18,138,000 after buying an additional 180,370 shares in the last quarter. M1 Capital Management LLC bought a new position in Invesco Senior Loan ETF in the 4th quarter worth approximately $301,000. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco Senior Loan ETF by 27.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 104,900 shares of the exchange traded fund’s stock valued at $2,210,000 after buying an additional 22,741 shares in the last quarter. Cim LLC raised its position in shares of Invesco Senior Loan ETF by 2.0% during the fourth quarter. Cim LLC now owns 482,718 shares of the exchange traded fund’s stock valued at $10,171,000 after buying an additional 9,309 shares during the last quarter. Finally, Park Square Financial Group LLC purchased a new position in shares of Invesco Senior Loan ETF in the fourth quarter worth $62,000.

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.