Mechanics Bank Trust Department Sells 74,371 Shares of Invesco Senior Loan ETF $BKLN

Mechanics Bank Trust Department lessened its holdings in shares of Invesco Senior Loan ETF (NYSEARCA:BKLN) by 12.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 538,476 shares of the exchange traded fund’s stock after selling 74,371 shares during the quarter. Invesco Senior Loan ETF makes up 1.4% of Mechanics Bank Trust Department’s portfolio, making the stock its 17th biggest position. Mechanics Bank Trust Department’s holdings in Invesco Senior Loan ETF were worth $10,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC bought a new stake in shares of Invesco Senior Loan ETF in the fourth quarter worth about $30,000. Realta Investment Advisors bought a new position in shares of Invesco Senior Loan ETF during the 1st quarter valued at about $31,000. IFP Advisors Inc lifted its holdings in shares of Invesco Senior Loan ETF by 187.9% during the 4th quarter. IFP Advisors Inc now owns 1,503 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 981 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Senior Loan ETF during the 4th quarter valued at about $42,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of Invesco Senior Loan ETF in the 4th quarter valued at approximately $48,000.

Invesco Senior Loan ETF Trading Up 0.1%

Shares of BKLN opened at $20.48 on Thursday. The stock has a 50 day simple moving average of $20.42 and a 200 day simple moving average of $20.52. Invesco Senior Loan ETF has a 52-week low of $20.11 and a 52-week high of $21.07.

Invesco Senior Loan ETF 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.