Jones Financial Companies Lllp Buys 39,555 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Jones Financial Companies Lllp increased its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 49.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 120,217 shares of the company’s stock after purchasing an additional 39,555 shares during the quarter. Jones Financial Companies Lllp’s holdings in Invesco Taxable Municipal Bond ETF were worth $3,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAB. Spire Wealth Management bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $45,000. IHT Wealth Management LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the third quarter worth about $241,000. Kovack Advisors Inc. boosted its position in shares of Invesco Taxable Municipal Bond ETF by 9.1% in the third quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after acquiring an additional 803 shares during the period. Consolidated Portfolio Review Corp grew its stake in Invesco Taxable Municipal Bond ETF by 4.0% during the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock valued at $309,000 after acquiring an additional 450 shares in the last quarter. Finally, Millington Financial Advisors LLC increased its holdings in Invesco Taxable Municipal Bond ETF by 19.3% during the 4th quarter. Millington Financial Advisors LLC now owns 12,001 shares of the company’s stock worth $316,000 after acquiring an additional 1,939 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

NYSEARCA BAB opened at $26.76 on Thursday. The company’s 50 day simple moving average is $26.34 and its two-hundred day simple moving average is $26.83. The stock has a market capitalization of $974.06 million, a PE ratio of -206.77 and a beta of 0.31. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.61 and a 1 year high of $28.12.

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.