Private Advisor Group LLC Has $2.20 Million Stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Private Advisor Group LLC decreased its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 4.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,145 shares of the company’s stock after selling 3,627 shares during the period. Private Advisor Group LLC owned approximately 0.18% of Invesco Taxable Municipal Bond ETF worth $2,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in Invesco Taxable Municipal Bond ETF during the 4th quarter worth $45,000. IHT Wealth Management LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the third quarter valued at $241,000. Kovack Advisors Inc. lifted its stake in Invesco Taxable Municipal Bond ETF by 9.1% during the third quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock worth $265,000 after purchasing an additional 803 shares during the last quarter. Consolidated Portfolio Review Corp grew its position in Invesco Taxable Municipal Bond ETF by 4.0% during the 4th quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after acquiring an additional 450 shares during the last quarter. Finally, Commons Capital LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $359,000.

Invesco Taxable Municipal Bond ETF Trading Up 0.6 %

Shares of NYSEARCA:BAB opened at $26.73 on Wednesday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. The stock has a fifty day simple moving average of $26.26 and a two-hundred day simple moving average of $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 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.