Family Legacy Inc. Raises Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Family Legacy Inc. boosted its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,997 shares of the company’s stock after purchasing an additional 4,624 shares during the period. Family Legacy Inc. owned approximately 0.09% of Invesco Taxable Municipal Bond ETF worth $1,121,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BAB. BNP Paribas Financial Markets lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 83.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 104,835 shares of the company’s stock valued at $2,890,000 after acquiring an additional 47,829 shares during the last quarter. Hilltop Holdings Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 32.1% in the third quarter. Hilltop Holdings Inc. now owns 25,062 shares of the company’s stock valued at $691,000 after purchasing an additional 6,094 shares during the last quarter. HighTower Advisors LLC lifted its position in Invesco Taxable Municipal Bond ETF by 4.1% in the third quarter. HighTower Advisors LLC now owns 1,004,497 shares of the company’s stock valued at $27,694,000 after purchasing an additional 39,588 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the third quarter valued at approximately $241,000. Finally, Stifel Financial Corp grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 10.9% in the third quarter. Stifel Financial Corp now owns 198,525 shares of the company’s stock worth $5,473,000 after purchasing an additional 19,479 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Stock Up 0.6 %

Shares of NYSEARCA BAB opened at $26.56 on Monday. The firm’s fifty day moving average is $26.54 and its 200 day moving average is $26.72. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.61 and a 52 week high of $28.12. The company has a market cap of $966.78 million, a price-to-earnings ratio of -204.92 and a beta of 0.34.

Invesco Taxable Municipal Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.0927 dividend. This is a boost from Invesco Taxable Municipal Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco Taxable Municipal Bond ETF

PowerShares Build America Bond Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called The BofA Merrill Lynch Build America Bond Index (the Index). The Fund will normally invests at least 80% of its total assets in the securities that comprise the Index.