Sovereign Financial Group Inc. Purchases New Position in Invesco Senior Loan ETF $BKLN

Sovereign Financial Group Inc. acquired a new position in shares of Invesco Senior Loan ETF (NYSEARCA:BKLN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,580 shares of the exchange traded fund’s stock, valued at approximately $726,000.

Several other hedge funds also recently modified their holdings of the company. Stance Capital LLC bought a new position in shares of Invesco Senior Loan ETF in the third quarter valued at approximately $28,000. Elevated Capital Advisors LLC acquired a new stake in Invesco Senior Loan ETF during the 4th quarter valued at $30,000. IFP Advisors Inc raised its position in Invesco Senior Loan ETF by 187.9% in the 4th quarter. IFP Advisors Inc now owns 1,503 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 981 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Invesco Senior Loan ETF in the fourth quarter worth $42,000. Finally, Ameriflex Group Inc. boosted its stake in Invesco Senior Loan ETF by 35.3% in the third quarter. Ameriflex Group Inc. now owns 2,316 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 604 shares in the last quarter.

Invesco Senior Loan ETF Stock Performance

Shares of BKLN stock opened at $20.36 on Tuesday. Invesco Senior Loan ETF has a 52 week low of $20.11 and a 52 week high of $21.07. The stock’s fifty day moving average is $20.53 and its 200-day moving average is $20.66.

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.