Strategic Financial Concepts LLC Makes New Investment in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Strategic Financial Concepts LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the fourth quarter, HoldingsChannel.com reports. The firm bought 38,008 shares of the company’s stock, valued at approximately $994,000.

Other hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Invesco Taxable Municipal Bond ETF during the 2nd quarter worth $333,000. Koshinski Asset Management Inc. grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 67.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 18,970 shares of the company’s stock worth $523,000 after purchasing an additional 7,626 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of Invesco Taxable Municipal Bond ETF by 176.4% in the third quarter. Onyx Bridge Wealth Group LLC now owns 182,539 shares of the company’s stock worth $5,033,000 after purchasing an additional 116,500 shares during the period. Private Advisor Group LLC raised its stake in Invesco Taxable Municipal Bond ETF by 1.9% in the third quarter. Private Advisor Group LLC now owns 87,772 shares of the company’s stock valued at $2,420,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Schmidt P J Investment Management Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 0.4% during the third quarter. Schmidt P J Investment Management Inc. now owns 229,868 shares of the company’s stock worth $6,337,000 after purchasing an additional 981 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.44 on Wednesday. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.61 and a 12-month high of $28.12. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. The firm’s 50-day moving average price is $26.36 and its two-hundred day moving average price is $26.89.

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.