Hobbs Group Advisors LLC Boosts Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Hobbs Group Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 149,360 shares of the company’s stock after acquiring an additional 1,748 shares during the period. Invesco Taxable Municipal Bond ETF comprises about 1.5% of Hobbs Group Advisors LLC’s portfolio, making the stock its 15th biggest holding. Hobbs Group Advisors LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $3,906,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BAB. 1620 Investment Advisors Inc. bought a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter worth about $30,000. Spire Wealth Management purchased a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $45,000. GWN Securities Inc. bought a new stake in Invesco Taxable Municipal Bond ETF during the 4th quarter worth approximately $213,000. IHT Wealth Management LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the third quarter valued at approximately $241,000. Finally, Consolidated Portfolio Review Corp boosted its position in shares of Invesco Taxable Municipal Bond ETF by 4.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after purchasing an additional 450 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of NYSEARCA BAB opened at $26.56 on Friday. The stock has a market cap of $966.78 million, a PE ratio of -204.92 and a beta of 0.34. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.61 and a 1 year high of $28.12. The firm has a fifty day moving average price of $26.54 and a 200-day moving average price of $26.73.

Invesco Taxable Municipal Bond ETF Increases Dividend

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

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.