Chapman Financial Group LLC Has $573,000 Holdings in Invesco Taxable Municipal Bond ETF $BAB

Chapman Financial Group LLC lifted its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 1,212.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the company’s stock after acquiring an additional 19,400 shares during the period. Chapman Financial Group LLC owned approximately 0.06% of Invesco Taxable Municipal Bond ETF worth $573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaCore Capital LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at $33,000. Premier Financial Group bought a new position in Invesco Taxable Municipal Bond ETF during the 3rd quarter worth about $54,000. Clayton Financial Group LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at about $55,000. AE Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 2,434 shares in the last quarter. Finally, WealthShield Partners LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the third quarter valued at about $116,000.

Invesco Taxable Municipal Bond ETF Price Performance

BAB stock opened at $27.37 on Friday. 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 fifty-two week low of $25.59 and a fifty-two week high of $27.73. The business has a 50-day moving average of $27.31 and a 200-day moving average of $27.27.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.0886 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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. 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.