Sequoia Financial Advisors LLC Sells 25,436 Shares of Invesco Senior Loan ETF $BKLN

Sequoia Financial Advisors LLC trimmed its position in Invesco Senior Loan ETF (NYSEARCA:BKLN) by 26.7% during the third quarter, Holdings Channel reports. The institutional investor owned 69,888 shares of the exchange traded fund’s stock after selling 25,436 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco Senior Loan ETF were worth $1,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKLN. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Invesco Senior Loan ETF during the second quarter valued at $27,000. Bogart Wealth LLC bought a new stake in Invesco Senior Loan ETF during the 2nd quarter worth about $33,000. Woodard & Co. Asset Management Group Inc. ADV lifted its position in Invesco Senior Loan ETF by 258.9% during the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,658 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 1,196 shares during the period. Ameriflex Group Inc. boosted its stake in shares of Invesco Senior Loan ETF by 213.6% in the 2nd quarter. Ameriflex Group Inc. now owns 1,712 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 1,166 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of Invesco Senior Loan ETF during the 2nd quarter worth approximately $62,000.

Invesco Senior Loan ETF Price Performance

BKLN opened at $20.90 on Friday. The firm has a 50 day simple moving average of $20.97 and a 200 day simple moving average of $20.94. Invesco Senior Loan ETF has a fifty-two week low of $20.02 and a fifty-two week high of $21.09.

Invesco Senior Loan ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th will be given a dividend of $0.1078 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, January 20th. This is a positive change from Invesco Senior Loan ETF’s previous monthly dividend of $0.10.

Invesco Senior Loan ETF 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.