Invesco Taxable Municipal Bond ETF (BAB) Stake Raised by White Pine Investment CO

White Pine Investment CO grew its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 14.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,352 shares of the company’s stock after purchasing an additional 2,495 shares during the quarter. White Pine Investment CO’s holdings in Invesco Taxable Municipal Bond ETF were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 worth $34,651,000 after purchasing an additional 10,332 shares in the last quarter. Wells Fargo & Company MN raised its stake in Invesco Taxable Municipal Bond ETF by 2.0% in the third quarter. Wells Fargo & Company MN now owns 692,068 shares of the company’s stock valued at $20,125,000 after purchasing an additional 13,823 shares in the last quarter. Bangor Savings Bank raised its stake in Invesco Taxable Municipal Bond ETF by 3.5% in the fourth quarter. Bangor Savings Bank now owns 269,642 shares of the company’s stock valued at $8,005,000 after purchasing an additional 9,009 shares in the last quarter. W.E. Donoghue & Co. LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the third quarter valued at approximately $5,892,000. Finally, Capital Investment Advisory Services LLC raised its stake in Invesco Taxable Municipal Bond ETF by 56.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 172,013 shares of the company’s stock valued at $5,107,000 after purchasing an additional 61,871 shares in the last quarter.

BAB traded up $0.03 on Wednesday, reaching $29.77. The company had a trading volume of 500 shares, compared to its average volume of 150,741. Invesco Taxable Municipal Bond ETF has a 52-week low of $28.53 and a 52-week high of $30.14.

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

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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.

See Also: How to calculate the intrinsic value of a stock

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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