Invesco Senior Loan ETF (NYSEARCA:BKLN) Sees Large Volume Increase – Here’s Why

Shares of Invesco Senior Loan ETF (NYSEARCA:BKLN) saw strong trading volume on Wednesday . 18,574,026 shares traded hands during trading, an increase of 33% from the previous session’s volume of 13,955,543 shares.The stock last traded at $20.83 and had previously closed at $20.85.

Invesco Senior Loan ETF Stock Performance

The company’s 50 day moving average is $21.02 and its 200-day moving average is $21.06.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. McClarren Financial Advisors Inc. raised its holdings in Invesco Senior Loan ETF by 5,971.4% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,275 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 1,254 shares during the last quarter. Avior Wealth Management LLC acquired a new position in Invesco Senior Loan ETF during the third quarter worth $28,000. Continuum Advisory LLC raised its holdings in 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 buying an additional 1,956 shares during the last quarter. SouthState Corp raised its holdings in Invesco Senior Loan ETF by 73.9% during the third quarter. SouthState Corp now owns 2,370 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 1,007 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Invesco Senior Loan ETF during the fourth quarter worth $52,000.

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.