Sumitomo Life Insurance Co. Purchases 252,091 Shares of Invesco Senior Loan ETF $BKLN

Sumitomo Life Insurance Co. lifted its position in Invesco Senior Loan ETF (NYSEARCA:BKLN) by 8.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,170,000 shares of the exchange traded fund’s stock after acquiring an additional 252,091 shares during the period. Invesco Senior Loan ETF comprises about 1.8% of Sumitomo Life Insurance Co.’s investment portfolio, making the stock its 12th biggest holding. Sumitomo Life Insurance Co.’s holdings in Invesco Senior Loan ETF were worth $66,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BKLN. Stance Capital LLC bought a new position in shares of Invesco Senior Loan ETF in the third quarter worth approximately $28,000. Elevated Capital Advisors LLC bought a new position in shares of Invesco Senior Loan ETF in the fourth quarter worth approximately $30,000. IFP Advisors Inc lifted its stake in shares of Invesco Senior Loan ETF by 187.9% in the fourth quarter. IFP Advisors Inc now owns 1,503 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 981 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Senior Loan ETF in the fourth quarter worth approximately $42,000. Finally, Ameriflex Group Inc. lifted its stake in shares of 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 buying an additional 604 shares in the last quarter.

Invesco Senior Loan ETF Trading Down 0.0%

Shares of NYSEARCA BKLN opened at $20.43 on Friday. The firm’s 50 day moving average price is $20.54 and its 200-day moving average price is $20.68. Invesco Senior Loan ETF has a 52-week low of $20.11 and a 52-week high of $21.07.

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.