Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 32.6% during the 4th quarter, HoldingsChannel reports. The fund owned 688,027 shares of the company’s stock after buying an additional 169,162 shares during the period. Bank of Montreal Can’s holdings in Invesco Taxable Municipal Bond ETF were worth $17,992,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter worth about $30,000. Spire Wealth Management acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth approximately $45,000. Atlas Capital Advisors Inc. bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $187,000. GWN Securities Inc. acquired a new position in Invesco Taxable Municipal Bond ETF during the 4th quarter valued at approximately $213,000. Finally, Consolidated Portfolio Review Corp grew its stake in Invesco Taxable Municipal Bond ETF by 4.0% during the 4th quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after buying an additional 450 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

BAB stock opened at $25.84 on Friday. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.60 and a 1 year high of $28.12. The stock has a market capitalization of $940.58 million, a price-to-earnings ratio of -205.54 and a beta of 0.30. The stock’s fifty day moving average is $26.56 and its two-hundred day moving average is $26.61.

Invesco Taxable Municipal Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.0927 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco Taxable Municipal Bond ETF’s previous dividend of $0.09.

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.