Park Avenue Institutional Advisers LLC Takes Position in Invesco Senior Loan ETF (NYSEARCA:BKLN)

Park Avenue Institutional Advisers LLC bought a new position in shares of Invesco Senior Loan ETF (NYSEARCA:BKLN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 161,600 shares of the exchange traded fund’s stock, valued at approximately $3,405,000. Invesco Senior Loan ETF comprises approximately 24.3% of Park Avenue Institutional Advisers LLC’s portfolio, making the stock its 2nd largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its stake in 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 last quarter. Avior Wealth Management LLC acquired a new position in shares of Invesco Senior Loan ETF during the 3rd quarter worth about $28,000. Continuum Advisory LLC raised its holdings in shares of Invesco Senior Loan ETF by 1,068.9% in the 3rd quarter. Continuum Advisory LLC now owns 2,139 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 1,956 shares during the period. SouthState Corp lifted its stake in Invesco Senior Loan ETF by 73.9% in the 3rd quarter. SouthState Corp now owns 2,370 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in Invesco Senior Loan ETF during the fourth quarter worth about $52,000.

Invesco Senior Loan ETF Stock Performance

NYSEARCA:BKLN opened at $20.90 on Friday. Invesco Senior Loan ETF has a 12-month low of $20.61 and a 12-month high of $21.25. The stock’s 50 day moving average price is $21.04 and its two-hundred day moving average price is $21.06.

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.