Advisory Alpha LLC Increases Stake in Invesco Senior Loan ETF by 58.7%

Advisory Alpha LLC has significantly increased its investment in the Invesco Senior Loan ETF (NYSEARCA: BKLN) by 58.7% during the third quarter of 2024, as reported in its latest 13F filing with the Securities and Exchange Commission. The institutional investor now holds 179,857 shares of the ETF following the acquisition of an additional 66,518 shares in the period, bringing the total value of its holdings to approximately $3.76 million.

This strategic move reflects a growing trend among institutional investors, as several large firms have also adjusted their positions in the Invesco Senior Loan ETF. Notably, BNP Paribas Financial Markets dramatically expanded its holdings by 44,959.7% in the second quarter, now owning 2,637,345 shares valued at $55.17 million after purchasing an additional 2,631,492 shares.

Investment Management Corp of Ontario has similarly raised its stake by 34.7%, now holding 9,726,878 shares worth $203.49 million. Meanwhile, JPMorgan Chase & Co. boosted its investment by 83.6%, acquiring an additional 1,795,940 shares to reach a total of 3,943,994 shares valued at $82.51 million. Other notable investors, such as Angeles Investment Advisors LLC and Hilton Capital Management LLC, have also entered positions valued at approximately $34.85 million and $32.39 million, respectively.

Current Performance and Dividend Announcement

As of Thursday, shares of the Invesco Senior Loan ETF opened at $20.44. The fund has a 50-day moving average of $20.77 and a 200-day moving average of $20.87. Over the past year, the ETF recorded a low of $20.02 and a high of $21.07.

The fund recently announced a monthly dividend, which was paid on February 27, 2024. Investors on record as of February 23, 2024 received a dividend of $0.1006, translating to an annualized yield of 5.9%. The ex-dividend date was also set for February 23, 2024.

About the Invesco Senior Loan ETF

The Invesco Senior Loan ETF (BKLN) is an exchange-traded fund that primarily invests in high-yield fixed income securities. It tracks a market-value-weighted index of senior loans issued by banks to corporations. Launched on March 3, 2011, the fund is managed by Invesco, a global investment management firm.

The recent activity surrounding the Invesco Senior Loan ETF highlights the growing interest from institutional investors in the high-yield market, a trend that may continue as economic conditions evolve.