Sumitomo Mitsui Financial Group Inc. Cuts Stock Holdings in Invesco Taxable Municipal Bond ETF $BAB

Sumitomo Mitsui Financial Group Inc. lowered its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,085 shares of the company’s stock after selling 39,496 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $17,522,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC increased its position in shares of Invesco Taxable Municipal Bond ETF by 1.6% during the third quarter. MGO One Seven LLC now owns 27,679 shares of the company’s stock worth $755,000 after purchasing an additional 435 shares in the last quarter. World Investment Advisors boosted its stake in Invesco Taxable Municipal Bond ETF by 1.6% during the 3rd 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 last quarter. Lionshead Wealth Management LLC grew 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 worth $237,000 after buying an additional 484 shares in the last quarter. Millington Financial Advisors LLC grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.0% during the third quarter. Millington Financial Advisors LLC now owns 16,035 shares of the company’s stock worth $439,000 after buying an additional 622 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. raised its position in shares of Invesco Taxable Municipal Bond ETF by 0.7% in the third quarter. Astoria Portfolio Advisors LLC. now owns 99,302 shares of the company’s stock valued at $2,710,000 after buying an additional 676 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.3%

NYSEARCA:BAB opened at $27.58 on Friday. The company has a market cap of $1.07 billion, a P/E ratio of -202.23 and a beta of 0.32. Invesco Taxable Municipal Bond ETF has a twelve month low of $25.59 and a twelve month high of $27.69. The company’s 50-day moving average price is $27.27 and its 200-day moving average price is $27.23.

Invesco Taxable Municipal Bond ETF Cuts Dividend

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

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.