Financial Gravity Companies Inc. Invests $48,000 in Invesco Taxable Municipal Bond ETF (BAB) Stock

Financial Gravity Companies Inc. purchased a new stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,633 shares of the company’s stock, valued at approximately $48,000.

A number of other large investors have also bought and sold shares of the business. Morgan Stanley raised its holdings in Invesco Taxable Municipal Bond ETF by 0.9% during the third quarter. Morgan Stanley now owns 1,191,568 shares of the company’s stock valued at $34,651,000 after acquiring an additional 10,332 shares during the period. Wells Fargo & Company MN raised its holdings in Invesco Taxable Municipal Bond ETF by 2.0% during the third quarter. Wells Fargo & Company MN now owns 692,068 shares of the company’s stock valued at $20,125,000 after acquiring an additional 13,823 shares during the period. Bangor Savings Bank raised its holdings in Invesco Taxable Municipal Bond ETF by 3.5% during the fourth quarter. Bangor Savings Bank now owns 269,642 shares of the company’s stock valued at $8,005,000 after acquiring an additional 9,009 shares during the period. W.E. Donoghue & Co. LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the third quarter valued at about $5,892,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the third quarter valued at about $3,203,000.

Shares of Invesco Taxable Municipal Bond ETF stock opened at $29.74 on Wednesday. Invesco Taxable Municipal Bond ETF has a twelve month low of $28.53 and a twelve month high of $30.14.

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 31st. Stockholders of record on Wednesday, January 23rd were given a dividend of $0.1042 per share. The ex-dividend date was Tuesday, January 22nd. This represents a $1.25 dividend on an annualized basis and a dividend yield of 4.20%.

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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.

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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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