BB&T Securities LLC Reduces Position in Invesco Taxable Municipal Bond ETF (BAB)

BB&T Securities LLC lowered its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,735 shares of the company’s stock after selling 4,947 shares during the period. BB&T Securities LLC owned 0.27% of Invesco Taxable Municipal Bond ETF worth $2,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Invesco Taxable Municipal Bond ETF by 41.3% during the second quarter. Renaissance Technologies LLC now owns 21,904 shares of the company’s stock valued at $648,000 after buying an additional 6,404 shares during the period. White Pine Investment CO acquired a new stake in Invesco Taxable Municipal Bond ETF in the third quarter valued at approximately $519,000. W.E. Donoghue & Co. LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the third quarter worth approximately $5,892,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at $3,203,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at about $305,000.

Shares of BAB opened at $29.79 on Thursday. Invesco Taxable Municipal Bond ETF has a twelve month low of $28.53 and a twelve month high of $30.14.

The business 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. This represents a $1.25 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Tuesday, January 22nd.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2019/02/14/bbt-securities-llc-reduces-position-in-invesco-taxable-municipal-bond-etf-bab.html.

About Invesco Taxable Municipal Bond ETF

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.

Featured Article: Liquidity

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

Receive News & Ratings for Invesco Taxable Municipal Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Taxable Municipal Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply