Strategic Financial Concepts LLC Grows Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Strategic Financial Concepts LLC grew its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,097 shares of the company’s stock after buying an additional 1,328 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $480,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BAB. PFG Investments LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 31.2% in the first quarter. PFG Investments LLC now owns 69,033 shares of the company’s stock worth $1,833,000 after purchasing an additional 16,416 shares in the last quarter. American National Bank & Trust Co. VA purchased a new stake in Invesco Taxable Municipal Bond ETF in the 1st quarter worth $442,000. Kovack Advisors Inc. purchased a new stake in Invesco Taxable Municipal Bond ETF in the 1st quarter worth $350,000. Private Ocean LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 8.3% during the first quarter. Private Ocean LLC now owns 972,490 shares of the company’s stock valued at $25,820,000 after acquiring an additional 74,215 shares during the period. Finally, Astoria Portfolio Advisors LLC. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 37.0% in the first quarter. Astoria Portfolio Advisors LLC. now owns 70,831 shares of the company’s stock valued at $1,836,000 after acquiring an additional 19,124 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

BAB traded down $0.09 during trading on Tuesday, reaching $25.77. 2,271,364 shares of the company traded hands, compared to its average volume of 390,200. The company has a market cap of $1.26 billion, a P/E ratio of -199.60 and a beta of 0.19. Invesco Taxable Municipal Bond ETF has a 12-month low of $24.29 and a 12-month high of $27.33. The firm has a fifty day simple moving average of $26.28 and a 200 day simple moving average of $26.17.

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.