Joseph P. Lucia & Associates LLC Takes Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Joseph P. Lucia & Associates LLC purchased a new stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 921,062 shares of the company’s stock, valued at approximately $30,530,000. Invesco Taxable Municipal Bond ETF accounts for approximately 2.3% of Joseph P. Lucia & Associates LLC’s investment portfolio, making the stock its 13th biggest position. Joseph P. Lucia & Associates LLC owned about 2.90% of Invesco Taxable Municipal Bond ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sigma Planning Corp lifted its position in shares of Invesco Taxable Municipal Bond ETF by 56.8% during the 1st quarter. Sigma Planning Corp now owns 20,701 shares of the company’s stock valued at $630,000 after acquiring an additional 7,495 shares during the period. Ashfield Capital Partners LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 44.0% during the 1st quarter. Ashfield Capital Partners LLC now owns 13,425 shares of the company’s stock worth $409,000 after buying an additional 4,100 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 53.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 143,577 shares of the company’s stock worth $4,370,000 after buying an additional 50,281 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 15.8% during the 1st quarter. Whittier Trust Co. now owns 11,697 shares of the company’s stock worth $356,000 after buying an additional 1,600 shares in the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 1st quarter worth $1,143,000.

Shares of Invesco Taxable Municipal Bond ETF stock remained flat at $$30.98 during trading on Wednesday. The stock had a trading volume of 6,148 shares, compared to its average volume of 161,853. Invesco Taxable Municipal Bond ETF has a 12 month low of $28.53 and a 12 month high of $30.82.

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st will be issued a $0.106 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Monday, May 20th. This is a boost from Invesco Taxable Municipal Bond ETF’s previous monthly dividend of $0.10.

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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.

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

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