Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Reaches New 1-Year High at $31.42

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Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)’s share price hit a new 52-week high on Tuesday . The company traded as high as $31.42 and last traded at $31.42, with a volume of 3 shares changing hands. The stock had previously closed at $31.33.

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.106 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 4.05%. This is an increase from Invesco Taxable Municipal Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, May 20th.

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,187,250 shares of the company’s stock worth $36,139,000 after acquiring an additional 66,600 shares during the period. Raymond James & Associates lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 7.7% during the 4th quarter. Raymond James & Associates now owns 303,298 shares of the company’s stock worth $9,005,000 after acquiring an additional 21,556 shares during the period. PFS Investments Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 15.7% during the 1st quarter. PFS Investments Inc. now owns 33,422 shares of the company’s stock worth $1,017,000 after acquiring an additional 4,526 shares during the period. KG&L Capital Management LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $301,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco Taxable Municipal Bond ETF by 2.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 319,822 shares of the company’s stock worth $9,495,000 after purchasing an additional 8,490 shares in the last quarter.

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About Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

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.

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