Raymond James Financial Inc. Acquires Shares of 1,635,406 Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Raymond James Financial Inc. purchased a new position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,635,406 shares of the company’s stock, valued at approximately $42,766,000. Raymond James Financial Inc. owned about 3.41% of Invesco Taxable Municipal Bond ETF as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BAB. 1620 Investment Advisors Inc. acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth $30,000. Spire Wealth Management acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter valued at approximately $45,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $187,000. GWN Securities Inc. acquired a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $213,000. Finally, Consolidated Portfolio Review Corp raised its position in Invesco Taxable Municipal Bond ETF by 4.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after acquiring an additional 450 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.7 %

BAB stock opened at $26.20 on Wednesday. The company’s 50-day moving average price is $26.54 and its 200 day moving average price is $26.59. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.60 and a 52 week high of $28.12. The company has a market cap of $953.68 million, a P/E ratio of -205.54 and a beta of 0.30.

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.