180,130 Shares in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 180,130 shares of the company’s stock, valued at approximately $4,710,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $45,000. IHT Wealth Management LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter worth about $241,000. Kovack Advisors Inc. lifted its holdings in Invesco Taxable Municipal Bond ETF by 9.1% in the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after purchasing an additional 803 shares in the last quarter. Consolidated Portfolio Review Corp lifted its holdings in Invesco Taxable Municipal Bond ETF by 4.0% in the 4th quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock valued at $309,000 after purchasing an additional 450 shares in the last quarter. Finally, Millington Financial Advisors LLC lifted its holdings in Invesco Taxable Municipal Bond ETF by 19.3% in the 4th quarter. Millington Financial Advisors LLC now owns 12,001 shares of the company’s stock valued at $316,000 after purchasing an additional 1,939 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Down 0.2 %

NYSEARCA:BAB opened at $26.82 on Friday. The firm has a market cap of $976.25 million, a price-to-earnings ratio of -206.77 and a beta of 0.31. The company’s 50-day moving average is $26.28 and its two-hundred day moving average is $26.85. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.61 and a 12-month high of $28.12.

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.