NewEdge Wealth LLC Purchases 20,388 Shares of Invesco Taxable Municipal Bond ETF $BAB

NewEdge Wealth LLC increased its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 10.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,659 shares of the company’s stock after buying an additional 20,388 shares during the period. NewEdge Wealth LLC owned 0.61% of Invesco Taxable Municipal Bond ETF worth $6,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. increased its position in shares of Invesco Taxable Municipal Bond ETF by 25.7% during the 2nd quarter. Harbour Investments Inc. now owns 5,824 shares of the company’s stock valued at $155,000 after purchasing an additional 1,189 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 8.1% during the second quarter. Cullen Frost Bankers Inc. now owns 17,071 shares of the company’s stock valued at $453,000 after acquiring an additional 1,274 shares in the last quarter. Whipplewood Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 524.5% in the 2nd quarter. Whipplewood Advisors LLC now owns 29,483 shares of the company’s stock worth $782,000 after purchasing an additional 24,762 shares during the period. Signature Wealth Management Group boosted its position in Invesco Taxable Municipal Bond ETF by 4.4% during the 2nd quarter. Signature Wealth Management Group now owns 78,800 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,338 shares in the last quarter. Finally, Advisory Alpha LLC grew its stake in Invesco Taxable Municipal Bond ETF by 33.8% in the second quarter. Advisory Alpha LLC now owns 70,669 shares of the company’s stock worth $1,875,000 after purchasing an additional 17,838 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

NYSEARCA:BAB opened at $27.54 on Friday. Invesco Taxable Municipal Bond ETF has a one year low of $25.59 and a one year high of $27.69. The company’s 50-day simple moving average is $27.24 and its 200 day simple moving average is $27.20. The firm has a market capitalization of $1.07 billion, a P/E ratio of -202.23 and a beta of 0.32.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.0916 per share. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis 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.