Sumitomo Mitsui Financial Group Inc. Lowers Stake in Invesco Taxable Municipal Bond ETF $BAB

Sumitomo Mitsui Financial Group Inc. cut its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 642,085 shares of the company’s stock after selling 39,496 shares during the period. Sumitomo Mitsui Financial Group Inc. owned approximately 1.74% of Invesco Taxable Municipal Bond ETF worth $17,522,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AlphaCore Capital LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the second quarter worth approximately $33,000. Chapman Financial Group LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the second quarter valued at approximately $42,000. Premier Financial Group acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter worth approximately $54,000. Clayton Financial Group LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter valued at approximately $55,000. Finally, AE Wealth Management LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 1,726.2% during the 3rd quarter. AE Wealth Management LLC now owns 2,575 shares of the company’s stock valued at $70,000 after buying an additional 2,434 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of NYSEARCA BAB opened at $27.58 on Friday. The firm has a fifty day moving average of $27.27 and a 200 day moving average of $27.23. The firm has a market cap of $1.07 billion, a PE ratio of -202.23 and a beta of 0.32. Invesco Taxable Municipal Bond ETF has a one year low of $25.59 and a one year high of $27.69.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be paid a dividend of $0.0886 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

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.