PNC Financial Services Group Inc. Sells 19,429 Shares of Invesco Taxable Municipal Bond ETF $BAB

PNC Financial Services Group Inc. trimmed its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 2.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 715,644 shares of the company’s stock after selling 19,429 shares during the quarter. PNC Financial Services Group Inc. owned about 1.94% of Invesco Taxable Municipal Bond ETF worth $19,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in Invesco Taxable Municipal Bond ETF by 0.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock valued at $40,797,000 after acquiring an additional 4,693 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 9.2% during the third quarter. HighTower Advisors LLC now owns 1,441,238 shares of the company’s stock worth $39,331,000 after purchasing an additional 121,880 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Invesco Taxable Municipal Bond ETF by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock valued at $32,114,000 after purchasing an additional 41,295 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Invesco Taxable Municipal Bond ETF by 1.3% during the second quarter. Bank of America Corp DE now owns 1,101,433 shares of the company’s stock valued at $29,221,000 after purchasing an additional 14,485 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 5.0% in the second quarter. Bank of Montreal Can now owns 735,554 shares of the company’s stock valued at $19,514,000 after purchasing an additional 34,712 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

BAB stock opened at $27.49 on Wednesday. The company has a 50 day moving average price of $27.23 and a 200 day moving average price of $27.20. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.59 and a fifty-two week high of $27.69. The stock has a market capitalization of $1.06 billion, a PE ratio of -202.23 and a beta of 0.32.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a $0.0916 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 4.0%.

Invesco Taxable Municipal Bond ETF Company Profile

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.