Advisory Alpha LLC Boosts Holdings in Invesco Taxable Municipal Bond ETF $BAB

Advisory Alpha LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 33.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 70,669 shares of the company’s stock after purchasing an additional 17,838 shares during the period. Advisory Alpha LLC owned approximately 0.20% of Invesco Taxable Municipal Bond ETF worth $1,875,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 9.2% during the 1st quarter. HighTower Advisors LLC now owns 1,270,735 shares of the company’s stock worth $33,903,000 after purchasing an additional 106,775 shares during the period. Gould Asset Management LLC CA boosted its position in shares of Invesco Taxable Municipal Bond ETF by 12.0% during the 1st quarter. Gould Asset Management LLC CA now owns 559,898 shares of the company’s stock worth $14,938,000 after purchasing an additional 59,985 shares during the period. Conning Inc. boosted its position in shares of Invesco Taxable Municipal Bond ETF by 4.3% during the 1st quarter. Conning Inc. now owns 490,000 shares of the company’s stock worth $13,073,000 after purchasing an additional 20,000 shares during the period. Tortoise Investment Management LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 52.9% during the 1st quarter. Tortoise Investment Management LLC now owns 389,790 shares of the company’s stock worth $10,400,000 after purchasing an additional 134,887 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 502.1% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 383,090 shares of the company’s stock worth $10,221,000 after purchasing an additional 319,468 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

NYSEARCA:BAB opened at $27.60 on Tuesday. The stock has a market capitalization of $986.70 million, a P/E ratio of -202.23 and a beta of 0.32. The company has a 50 day moving average price of $27.18 and a 200 day moving average price of $26.60. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.59 and a fifty-two week high of $27.69.

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.