Waterloo Capital L.P. Sells 2,998 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Waterloo Capital L.P. lowered its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 21.5% during the fourth quarter, HoldingsChannel reports. The fund owned 10,962 shares of the company’s stock after selling 2,998 shares during the quarter. Waterloo Capital L.P.’s holdings in Invesco Taxable Municipal Bond ETF were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in Invesco Taxable Municipal Bond ETF by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,668,170 shares of the company’s stock valued at $43,623,000 after acquiring an additional 39,864 shares during the period. Raymond James Financial Inc. bought a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $42,766,000. HighTower Advisors LLC lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 15.9% in the fourth quarter. HighTower Advisors LLC now owns 1,163,960 shares of the company’s stock worth $30,438,000 after acquiring an additional 159,463 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Invesco Taxable Municipal Bond ETF by 2.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,157,818 shares of the company’s stock valued at $30,277,000 after acquiring an additional 29,739 shares during the last quarter. Finally, LPL Financial LLC increased its position in Invesco Taxable Municipal Bond ETF by 8.6% during the 4th quarter. LPL Financial LLC now owns 541,008 shares of the company’s stock valued at $14,147,000 after purchasing an additional 42,618 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

Invesco Taxable Municipal Bond ETF stock opened at $26.50 on Tuesday. The firm has a 50 day moving average price of $26.60 and a two-hundred day moving average price of $26.67. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.61 and a 52-week high of $28.12. The firm has a market cap of $964.60 million, a price-to-earnings ratio of -205.54 and a beta of 0.30.

Invesco Taxable Municipal Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given 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 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.