Petra Financial Advisors Inc. Has $1.47 Million Stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Petra Financial Advisors Inc. lowered its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,181 shares of the company’s stock after selling 2,175 shares during the period. Invesco Taxable Municipal Bond ETF makes up 1.0% of Petra Financial Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Petra Financial Advisors Inc. owned about 0.12% of Invesco Taxable Municipal Bond ETF worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Cibc World Markets Corp raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 57.8% during the fourth quarter. Cibc World Markets Corp now owns 40,802 shares of the company’s stock valued at $1,067,000 after purchasing an additional 14,941 shares during the period. GWN Securities Inc. acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $213,000. Corient Private Wealth LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 1.8% in the 4th quarter. Corient Private Wealth LLC now owns 109,187 shares of the company’s stock worth $2,855,000 after acquiring an additional 1,921 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 21.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,534 shares of the company’s stock worth $354,000 after acquiring an additional 2,378 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 15.9% in the 4th quarter. HighTower Advisors LLC now owns 1,163,960 shares of the company’s stock worth $30,438,000 after acquiring an additional 159,463 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

BAB opened at $26.80 on Tuesday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.61 and a fifty-two week high of $28.12. The firm has a market capitalization of $975.52 million, a PE ratio of -204.92 and a beta of 0.34. The company’s 50-day moving average is $26.43 and its 200 day moving average is $26.79.

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.