Capital Investment Advisory Services LLC boosted its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 9.4% during the 1st quarter, Holdings Channel reports. The firm owned 188,172 shares of the company’s stock after purchasing an additional 16,159 shares during the period. Invesco Taxable Municipal Bond ETF comprises about 2.1% of Capital Investment Advisory Services LLC’s portfolio, making the stock its 6th biggest holding. Capital Investment Advisory Services LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $5,728,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BAB. Bank of New York Mellon Corp bought a new stake in Invesco Taxable Municipal Bond ETF in the third quarter valued at about $332,000. Citadel Advisors LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the third quarter valued at about $334,000. Morgan Stanley increased its holdings in Invesco Taxable Municipal Bond ETF by 0.9% in the third quarter. Morgan Stanley now owns 1,191,568 shares of the company’s stock valued at $34,651,000 after purchasing an additional 10,332 shares during the last quarter. Bangor Savings Bank increased its holdings in Invesco Taxable Municipal Bond ETF by 3.5% in the fourth quarter. Bangor Savings Bank now owns 269,642 shares of the company’s stock valued at $8,005,000 after purchasing an additional 9,009 shares during the last quarter. Finally, PFS Investments Inc. increased its holdings in Invesco Taxable Municipal Bond ETF by 11.6% in the fourth quarter. PFS Investments Inc. now owns 28,896 shares of the company’s stock valued at $854,000 after purchasing an additional 3,004 shares during the last quarter.

NYSEARCA BAB traded up $0.10 on Tuesday, reaching $30.12. The company had a trading volume of 478 shares, compared to its average volume of 148,564. Invesco Taxable Municipal Bond ETF has a 52 week low of $28.53 and a 52 week high of $30.47.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be issued a $0.1043 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.25 annualized dividend and a dividend yield of 4.15%.

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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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Want to see what other hedge funds are holding BAB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB).

Institutional Ownership by Quarter for Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

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