HighTower Advisors LLC Purchases 121,880 Shares of Invesco Taxable Municipal Bond ETF $BAB

HighTower Advisors LLC raised its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,441,238 shares of the company’s stock after purchasing an additional 121,880 shares during the period. HighTower Advisors LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $39,331,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BAB. AlphaCore Capital LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF during the second quarter worth $33,000. Chapman Financial Group LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the 2nd quarter worth $42,000. Premier Financial Group acquired a new stake in Invesco Taxable Municipal Bond ETF during the 3rd quarter worth $54,000. Clayton Financial Group LLC bought a new position in Invesco Taxable Municipal Bond ETF during the third quarter worth about $55,000. Finally, AE Wealth Management LLC grew its stake in Invesco Taxable Municipal Bond ETF by 1,726.2% in the third quarter. AE Wealth Management LLC now owns 2,575 shares of the company’s stock valued at $70,000 after acquiring an additional 2,434 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of Invesco Taxable Municipal Bond ETF stock opened at $27.49 on Wednesday. The company has a market capitalization of $1.06 billion, a P/E ratio of -202.23 and a beta of 0.32. The business has a 50-day moving average of $27.23 and a two-hundred day moving average of $27.20. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.59 and a 1 year high of $27.69.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a dividend of $0.0916 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, January 20th.

Invesco Taxable Municipal Bond ETF 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.