World Investment Advisors Boosts Stake in Invesco Taxable Municipal Bond ETF $BAB

World Investment Advisors raised its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 75.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,139 shares of the company’s stock after buying an additional 20,673 shares during the quarter. World Investment Advisors owned about 0.13% of Invesco Taxable Municipal Bond ETF worth $1,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BAB. Creative Planning purchased a new position in Invesco Taxable Municipal Bond ETF during the second quarter worth about $215,000. NewEdge Advisors LLC boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 6.5% in the 2nd quarter. NewEdge Advisors LLC now owns 57,685 shares of the company’s stock worth $1,530,000 after purchasing an additional 3,533 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 0.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock worth $40,797,000 after purchasing an additional 4,693 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 44.4% in the 2nd 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 in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 3.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock worth $32,114,000 after purchasing an additional 41,295 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Down 1.1%

BAB opened at $26.52 on Friday. The stock has a 50-day moving average price of $26.96 and a 200-day moving average price of $27.19. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.65 and a 12-month high of $27.73. The stock has a market capitalization of $1.02 billion, a P/E ratio of -202.23 and a beta of 0.30.

Invesco Taxable Municipal Bond ETF 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. 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.