McAdam LLC Has $3.62 Million Stock Position in Invesco Senior Loan ETF $BKLN

McAdam LLC lowered its position in Invesco Senior Loan ETF (NYSEARCA:BKLN) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,896 shares of the exchange traded fund’s stock after selling 24,589 shares during the quarter. McAdam LLC’s holdings in Invesco Senior Loan ETF were worth $3,619,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BKLN. BNP Paribas Financial Markets lifted its holdings in shares of Invesco Senior Loan ETF by 44,959.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,637,345 shares of the exchange traded fund’s stock valued at $55,173,000 after buying an additional 2,631,492 shares during the last quarter. Investment Management Corp of Ontario increased its holdings in Invesco Senior Loan ETF by 34.7% in the second quarter. Investment Management Corp of Ontario now owns 9,726,878 shares of the exchange traded fund’s stock worth $203,486,000 after buying an additional 2,506,226 shares during the last quarter. JPMorgan Chase & Co. raised its position in Invesco Senior Loan ETF by 83.6% during the second quarter. JPMorgan Chase & Co. now owns 3,943,994 shares of the exchange traded fund’s stock valued at $82,508,000 after acquiring an additional 1,795,940 shares in the last quarter. Angeles Investment Advisors LLC bought a new position in Invesco Senior Loan ETF during the second quarter valued at approximately $34,848,000. Finally, Hilton Capital Management LLC acquired a new stake in Invesco Senior Loan ETF in the second quarter valued at approximately $32,394,000.

Invesco Senior Loan ETF Price Performance

BKLN stock opened at $20.92 on Wednesday. The firm has a 50 day moving average of $20.98 and a two-hundred day moving average of $20.94. Invesco Senior Loan ETF has a 12 month low of $20.02 and a 12 month high of $21.09.

Invesco Senior Loan ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 23rd. Investors of record on Tuesday, January 20th will be issued a $0.1078 dividend. This is a boost from Invesco Senior Loan ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, January 20th.

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.