Schmidt P J Investment Management Inc. Raises Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Schmidt P J Investment Management Inc. raised its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 232,709 shares of the company’s stock after acquiring an additional 2,841 shares during the period. Schmidt P J Investment Management Inc. owned approximately 0.49% of Invesco Taxable Municipal Bond ETF worth $6,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BAB. Spire Wealth Management purchased a new stake in Invesco Taxable Municipal Bond ETF during the fourth quarter worth approximately $45,000. Wagner Wealth Management LLC lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 5,708.3% during the 3rd quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock valued at $77,000 after acquiring an additional 2,740 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in Invesco Taxable Municipal Bond ETF during the 3rd quarter worth $241,000. Kovack Advisors Inc. increased its holdings in Invesco Taxable Municipal Bond ETF by 9.1% in the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after purchasing an additional 803 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the second quarter valued at about $333,000.

Invesco Taxable Municipal Bond ETF Stock Up 0.6 %

NYSEARCA BAB opened at $26.54 on Thursday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.61 and a fifty-two week high of $28.12. The business has a 50 day moving average price of $26.40 and a two-hundred day moving average price of $26.90. The stock has a market cap of $1.27 billion, a PE ratio of -199.62 and a beta of 0.22.

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.