Invesco Taxable Municipal Bond ETF (BAB) Hits New 1-Year High at $30.97

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares hit a new 52-week high on Wednesday . The stock traded as high as $30.97 and last traded at $30.98, with a volume of 5086 shares. The stock had previously closed at $30.79.

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.106 per share. This is a boost from Invesco Taxable Municipal Bond ETF’s previous monthly dividend of $0.10. This represents a $1.27 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Monday, May 20th.

Several institutional investors have recently modified their holdings of BAB. Transamerica Financial Advisors Inc. lifted its holdings in Invesco Taxable Municipal Bond ETF by 66,250.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 1,327 shares of the company’s stock valued at $40,000 after acquiring an additional 1,325 shares during the last quarter. We Are One Seven LLC acquired a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $40,000. Financial Gravity Companies Inc. acquired a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $48,000. Karp Capital Management Corp acquired a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $89,000. Finally, Captrust Financial Advisors acquired a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $92,000.

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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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