HighTower Advisors LLC lifted its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,510,212 shares of the company’s stock after purchasing an additional 68,974 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $41,078,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in BAB. Creative Planning bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the second quarter worth $215,000. NewEdge Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 6.5% in the second 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. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 0.3% in the second 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 lifted its position in shares of Invesco Taxable Municipal Bond ETF by 44.4% in the second 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. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 3.5% in the second 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 Stock Up 0.0%
Shares of BAB stock opened at $26.48 on Friday. The company’s fifty day simple moving average is $26.88 and its 200-day simple moving average is $27.16. The firm has a market cap of $1.02 billion, a PE ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a 12 month low of $25.65 and a 12 month high of $27.73.
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.
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