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. The investment advisor of the Company is Invesco PowerShares Capital Management LLC.
Basic Details
Issuer Invesco
Fund NameInvesco Taxable Municipal Bond ETF
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:BAB
Inception Date11/17/2009
Fund ManagerPeter Hubbard, Philip Fang, Jeffrey W. Kernagis, Gary Jones, Richard Ose
PhoneN/A
Fund Focus
Asset ClassFixed Income
BenchmarkBofAML Build America TR USD
CategoryMunicipals
FocusBuild America Bonds
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$921.65 million
Average Daily Volume$71,484.00
Discount/Premium-0.14%
ETF Expenses
Management Fee0.28%
Other Expenses0.00%
Total Expenses0.28%
Fee Waiver0.00%
Net Expenses0.28%
Administrator, Advisor and Custodian
AdministratorThe Bank of New York Mellon Corporation
AdvisorInvesco Capital Management LLC
CustodianThe Bank of New York Mellon Corporation
DistributorInvesco Distributors, Inc.
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerCitadel
Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Frequently Asked Questions
What is Invesco Taxable Municipal Bond ETF's stock symbol?
Invesco Taxable Municipal Bond ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "BAB."
How often does Invesco Taxable Municipal Bond ETF pay dividends? What is the dividend yield for Invesco Taxable Municipal Bond ETF?
Invesco Taxable Municipal Bond ETF announced a monthly dividend on Monday, July 23rd. Shareholders of record on Tuesday, July 24th will be paid a dividend of $0.105 per share on Tuesday, July 31st. This represents a $1.26 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Monday, July 23rd. This is a positive change from Invesco Taxable Municipal Bond ETF's previous monthly dividend of $0.10. View Invesco Taxable Municipal Bond ETF's Dividend History.
Has Invesco Taxable Municipal Bond ETF been receiving favorable news coverage?
Headlines about BAB stock have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Invesco Taxable Municipal Bond ETF earned a news and rumor sentiment score of 0.23 on Accern's scale. They also assigned press coverage about the company an impact score of 46.47 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Invesco Taxable Municipal Bond ETF.
Who are Invesco Taxable Municipal Bond ETF's major shareholders?
Invesco Taxable Municipal Bond ETF's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Bank of America Corp DE (4.63%), Morgan Stanley (3.73%), PNC Financial Services Group Inc. (3.35%), Wells Fargo & Company MN (2.14%), Keybank National Association OH (1.66%) and Raymond James Financial Services Advisors Inc. (0.99%).
Which institutional investors are selling Invesco Taxable Municipal Bond ETF stock?
BAB stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Cambridge Investment Research Advisors Inc., PNC Financial Services Group Inc., Keybank National Association OH, Roberts Glore & Co. Inc. IL, Hilltop Holdings Inc., Raymond James Financial Services Advisors Inc. and Whittier Trust Co. of Nevada Inc..
Which institutional investors are buying Invesco Taxable Municipal Bond ETF stock?
BAB stock was purchased by a variety of institutional investors in the last quarter, including Bank of America Corp DE, OLD Mission Capital LLC, Cornerstone Wealth Management LLC, Morgan Stanley, Raymond James & Associates, Brookstone Capital Management, New England Investment & Retirement Group Inc. and Renaissance Technologies LLC.
How do I buy shares of Invesco Taxable Municipal Bond ETF?
Shares of BAB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Invesco Taxable Municipal Bond ETF's stock price today?
One share of BAB stock can currently be purchased for approximately $29.55.
MarketBeat Community Rating for Invesco Taxable Municipal Bond ETF (NYSEARCA BAB)
MarketBeat's community ratings are surveys of what our community members think about Invesco Taxable Municipal Bond ETF and other stocks. Vote "Outperform" if you believe BAB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BAB will underperform the S&P 500 over the long term. You may vote once every thirty days.
