World Investment Advisors boosted its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Free Report) by 75.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,139 shares of the company’s stock after purchasing an additional 20,673 shares during the quarter. World Investment Advisors’ holdings in Invesco Taxable Municipal Bond ETF were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Annex Advisory Services LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at about $83,386,000. Kingsview Wealth Management LLC boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 109.3% during the third quarter. Kingsview Wealth Management LLC now owns 713,285 shares of the company’s stock worth $19,466,000 after purchasing an additional 372,417 shares during the period. Jane Street Group LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF by 44.4% in the second quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock worth $15,002,000 after purchasing an additional 173,932 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter worth about $3,460,000. Finally, Bank of Montreal Can grew its stake in shares of Invesco Taxable Municipal Bond ETF by 12.9% in the third 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 during the last quarter.
Invesco Taxable Municipal Bond ETF Price Performance
Shares of NYSEARCA:BAB opened at $26.93 on Friday. The stock’s 50-day moving average is $26.81 and its 200 day moving average is $27.07. The company has a market cap of $1.04 billion, a PE ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a 1 year low of $26.01 and a 1 year high of $27.73.
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. 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.
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