Stock Traders Buy Large Volume of Put Options on Invesco Senior Loan ETF (NYSEARCA:BKLN)

Invesco Senior Loan ETF (NYSEARCA:BKLN) saw unusually large options trading on Monday. Stock investors purchased 21,048 put options on the company. This represents an increase of 1,143% compared to the average daily volume of 1,694 put options.

Institutional Trading of Invesco Senior Loan ETF

A number of institutional investors have recently bought and sold shares of the company. McClarren Financial Advisors Inc. boosted its holdings in shares of Invesco Senior Loan ETF by 5,971.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,275 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 1,254 shares in the last quarter. Continuum Advisory LLC boosted its stake in Invesco Senior Loan ETF by 1,068.9% during the third quarter. Continuum Advisory LLC now owns 2,139 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 1,956 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Invesco Senior Loan ETF during the fourth quarter worth $52,000. Park Square Financial Group LLC acquired a new stake in Invesco Senior Loan ETF in the fourth quarter worth $62,000. Finally, Synergy Investment Management LLC bought a new stake in Invesco Senior Loan ETF in the fourth quarter valued at $69,000.

Invesco Senior Loan ETF Stock Performance

Invesco Senior Loan ETF stock opened at $20.73 on Wednesday. Invesco Senior Loan ETF has a 52-week low of $20.61 and a 52-week high of $21.24. The firm has a 50 day moving average price of $20.94 and a two-hundred day moving average price of $21.03.

Invesco Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.1078 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.