Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares hit a new 52-week high during trading on Thursday . The company traded as high as $30.76 and last traded at $30.75, with a volume of 13476 shares trading hands. The stock had previously closed at $30.64.

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.106 per share. This represents a $1.27 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Monday, May 20th. This is an increase from Invesco Taxable Municipal Bond ETF’s previous monthly dividend of $0.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 2.7% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 149,892 shares of the company’s stock worth $4,563,000 after purchasing an additional 3,876 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 1st quarter worth about $206,000. RMB Capital Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 1st quarter worth about $204,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 2.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 65,708 shares of the company’s stock worth $2,000,000 after purchasing an additional 1,698 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 1st quarter worth about $498,000.

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Invesco Taxable Municipal Bond ETF Company Profile (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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