Shenkman Capital Management Inc. Cuts Holdings in Invesco Senior Loan ETF $BKLN

Shenkman Capital Management Inc. lowered its holdings in Invesco Senior Loan ETF (NYSEARCA:BKLN) by 48.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,907,890 shares of the exchange traded fund’s stock after selling 1,829,110 shares during the quarter. Invesco Senior Loan ETF comprises approximately 3.9% of Shenkman Capital Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Shenkman Capital Management Inc. owned about 0.66% of Invesco Senior Loan ETF worth $39,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKLN. Bogart Wealth LLC lifted its stake in shares of Invesco Senior Loan ETF by 37.8% in the third quarter. Bogart Wealth LLC now owns 2,206 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 605 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Invesco Senior Loan ETF in the 2nd quarter worth about $62,000. Golden State Wealth Management LLC raised its holdings in shares of Invesco Senior Loan ETF by 26.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 3,153 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 669 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Invesco Senior Loan ETF by 28.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,780 shares of the exchange traded fund’s stock valued at $79,000 after acquiring an additional 846 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its stake in Invesco Senior Loan ETF by 26.4% during the 2nd quarter. Cape Investment Advisory Inc. now owns 4,400 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 920 shares during the last quarter.

Invesco Senior Loan ETF Price Performance

Shares of BKLN opened at $20.39 on Tuesday. Invesco Senior Loan ETF has a 52 week low of $20.02 and a 52 week high of $21.07. The stock has a 50 day moving average price of $20.86 and a two-hundred day moving average price of $20.90.

Invesco Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Monday, February 23rd will be issued a dividend of $0.1006 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.9%.

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.