Cullen Frost Bankers Inc. Acquires 5,243 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Cullen Frost Bankers Inc. increased its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,051 shares of the company’s stock after purchasing an additional 5,243 shares during the period. Cullen Frost Bankers Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $420,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in Invesco Taxable Municipal Bond ETF by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,668,170 shares of the company’s stock valued at $43,623,000 after acquiring an additional 39,864 shares in the last quarter. HighTower Advisors LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,004,497 shares of the company’s stock valued at $27,694,000 after acquiring an additional 39,588 shares in the last quarter. Rational Advisors LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 47.4% in the 4th quarter. Rational Advisors LLC now owns 528,974 shares of the company’s stock valued at $13,833,000 after acquiring an additional 170,049 shares in the last quarter. Bangor Savings Bank lifted its stake in Invesco Taxable Municipal Bond ETF by 3.9% in the 4th quarter. Bangor Savings Bank now owns 509,366 shares of the company’s stock valued at $13,320,000 after acquiring an additional 19,240 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 121.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 469,941 shares of the company’s stock valued at $12,956,000 after acquiring an additional 257,701 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

NYSEARCA BAB opened at $26.70 on Friday. The stock has a market capitalization of $971.88 million, a price-to-earnings ratio of -206.77 and a beta of 0.31. The stock’s 50 day moving average price is $26.37 and its two-hundred day moving average price is $26.82. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.61 and a 52 week high of $28.12.

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.