Invesco Taxable Municipal Bond ETF $BAB Stock Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 35.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 490,748 shares of the company’s stock after selling 274,262 shares during the period. Envestnet Asset Management Inc. owned about 1.33% of Invesco Taxable Municipal Bond ETF worth $13,393,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MGO One Seven LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 1.6% during the 3rd quarter. MGO One Seven LLC now owns 27,679 shares of the company’s stock valued at $755,000 after acquiring an additional 435 shares during the last quarter. World Investment Advisors raised its position in shares of Invesco Taxable Municipal Bond ETF by 1.6% during the third quarter. World Investment Advisors now owns 27,466 shares of the company’s stock worth $750,000 after purchasing an additional 440 shares during the period. Lionshead Wealth Management LLC lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 5.9% during the third quarter. Lionshead Wealth Management LLC now owns 8,677 shares of the company’s stock valued at $237,000 after purchasing an additional 484 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.0% during the second quarter. Atria Wealth Solutions Inc. now owns 14,355 shares of the company’s stock valued at $381,000 after purchasing an additional 549 shares during the last quarter. Finally, Millington Financial Advisors LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 4.0% in the 3rd quarter. Millington Financial Advisors LLC now owns 16,035 shares of the company’s stock valued at $439,000 after purchasing an additional 622 shares during the period.

Invesco Taxable Municipal Bond ETF Trading Up 0.4%

Shares of BAB opened at $27.49 on Tuesday. The business’s 50-day moving average price is $27.22 and its 200 day moving average price is $27.19. The stock has a market capitalization of $1.06 billion, a P/E ratio of -202.23 and a beta of 0.32. 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 company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.0916 dividend. This represents a c) annualized dividend and a dividend 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.