Tortoise Investment Management LLC Sells 35,922 Shares of Invesco Taxable Municipal Bond ETF (BAB)

Tortoise Investment Management LLC lowered its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 30.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 80,667 shares of the company’s stock after selling 35,922 shares during the quarter. Tortoise Investment Management LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $2,455,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BAB. Transamerica Financial Advisors Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 66,250.0% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 1,327 shares of the company’s stock valued at $40,000 after acquiring an additional 1,325 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $40,000. Financial Gravity Companies Inc. bought a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $48,000. Karp Capital Management Corp bought a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $89,000. Finally, Captrust Financial Advisors bought a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $92,000.

Shares of Invesco Taxable Municipal Bond ETF stock traded down $0.02 during midday trading on Friday, reaching $30.64. 1,011 shares of the company’s stock traded hands, compared to its average volume of 163,950. Invesco Taxable Municipal Bond ETF has a 12 month low of $28.53 and a 12 month high of $30.73.

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd were issued a dividend of $0.1043 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.25 dividend on an annualized basis and a dividend yield of 4.08%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.thelincolnianonline.com/2019/05/17/tortoise-investment-management-llc-sells-35922-shares-of-invesco-taxable-municipal-bond-etf-bab.html.

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.

Featured Article: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding BAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB).

Institutional Ownership by Quarter for Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Receive News & Ratings for Invesco Taxable Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Taxable Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.