Invesco Senior Loan ETF Target of Unusually High Options Trading (NYSEARCA:BKLN)

Invesco Senior Loan ETF (NYSEARCA:BKLN) was the recipient of unusually large options trading activity on Monday. Traders bought 53,608 put options on the company. This is an increase of approximately 22,237% compared to the typical volume of 240 put options.

Invesco Senior Loan ETF Stock Performance

Shares of Invesco Senior Loan ETF stock opened at $20.77 on Tuesday. The company’s 50 day moving average price is $20.96 and its two-hundred day moving average price is $20.93. 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 company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a $0.1078 dividend. This is an increase from Invesco Senior Loan ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Investors Weigh In On Invesco Senior Loan ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in Invesco Senior Loan ETF by 61.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 409,643 shares of the exchange traded fund’s stock worth $8,574,000 after acquiring an additional 155,549 shares during the last quarter. Bain Capital Credit LP raised its position in Invesco Senior Loan ETF by 28.2% in the second quarter. Bain Capital Credit LP now owns 3,561,802 shares of the exchange traded fund’s stock worth $74,513,000 after acquiring an additional 784,368 shares during the period. AEGON USA Investment Management LLC lifted its stake in Invesco Senior Loan ETF by 75.0% in the third quarter. AEGON USA Investment Management LLC now owns 63,000 shares of the exchange traded fund’s stock valued at $1,319,000 after purchasing an additional 27,000 shares during the last quarter. Mechanics Bank Trust Department raised its stake in shares of Invesco Senior Loan ETF by 11.6% in the third quarter. Mechanics Bank Trust Department now owns 692,075 shares of the exchange traded fund’s stock valued at $14,485,000 after buying an additional 72,155 shares during the period. Finally, Asset Allocation Strategies LLC raised its stake in Invesco Senior Loan ETF by 32.5% in the 3rd quarter. Asset Allocation Strategies LLC now owns 111,217 shares of the exchange traded fund’s stock valued at $2,328,000 after acquiring an additional 27,261 shares during the period.

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.