Redhawk Wealth Advisors Inc. Purchases Shares of 25,914 Invesco Taxable Municipal Bond ETF $BAB

Redhawk Wealth Advisors Inc. acquired a new stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,914 shares of the company’s stock, valued at approximately $705,000. Redhawk Wealth Advisors Inc. owned 0.07% of Invesco Taxable Municipal Bond ETF at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. boosted its holdings in Invesco Taxable Municipal Bond ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock worth $40,797,000 after acquiring an additional 4,693 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 9.2% during the third quarter. HighTower Advisors LLC now owns 1,441,238 shares of the company’s stock valued at $39,331,000 after acquiring an additional 121,880 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Invesco Taxable Municipal Bond ETF by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock worth $32,114,000 after purchasing an additional 41,295 shares during the period. Bank of America Corp DE raised its position in shares of Invesco Taxable Municipal Bond ETF by 3.0% during the third quarter. Bank of America Corp DE now owns 1,134,058 shares of the company’s stock worth $30,948,000 after purchasing an additional 32,625 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 12.9% in the 3rd quarter. Bank of Montreal Can now owns 830,686 shares of the company’s stock worth $22,669,000 after purchasing an additional 95,132 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

NYSEARCA BAB opened at $26.68 on Monday. The company has a market cap of $1.03 billion, a P/E ratio of -202.23 and a beta of 0.32. The company has a fifty day simple moving average of $27.23 and a 200 day simple moving average of $27.29. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.59 and a 12-month high of $27.73.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0886 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 4.0%.

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.