Stratos Wealth Partners LTD. Invests $854,000 in Invesco Taxable Municipal Bond ETF (BAB) Stock

Stratos Wealth Partners LTD. purchased a new position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the 1st quarter, Holdings Channel reports. The firm purchased 28,048 shares of the company’s stock, valued at approximately $854,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BAB. Bank of New York Mellon Corp bought a new position in Invesco Taxable Municipal Bond ETF in the 3rd quarter worth approximately $332,000. PFS Investments Inc. increased its position in Invesco Taxable Municipal Bond ETF by 11.6% in the 4th quarter. PFS Investments Inc. now owns 28,896 shares of the company’s stock worth $854,000 after buying an additional 3,004 shares during the period. We Are One Seven LLC bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $40,000. Oppenheimer & Co. Inc. increased its position in Invesco Taxable Municipal Bond ETF by 3.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 20,197 shares of the company’s stock worth $600,000 after buying an additional 671 shares during the period. Finally, Focused Wealth Management Inc increased its position in shares of Invesco Taxable Municipal Bond ETF by 374.1% during the fourth quarter. Focused Wealth Management Inc now owns 13,155 shares of the company’s stock valued at $391,000 after purchasing an additional 10,380 shares during the period.

Shares of BAB traded down $0.05 on Tuesday, reaching $30.50. 5,413 shares of the stock traded hands, compared to its average volume of 163,026. Invesco Taxable Municipal Bond ETF has a 12 month low of $28.53 and a 12 month high of $30.73.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.106 per share. The ex-dividend date of this dividend is Monday, May 20th. This is a boost from Invesco Taxable Municipal Bond ETF’s previous monthly dividend of $0.10. This represents a $1.27 dividend on an annualized basis and a dividend yield of 4.17%.

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Invesco Taxable Municipal Bond ETF 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: Mutual Funds

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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