Kovack Advisors Inc. Acquires 803 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Kovack Advisors Inc. raised its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,603 shares of the company’s stock after purchasing an additional 803 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peoples Bank KS raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 51.2% in the second quarter. Peoples Bank KS now owns 1,920 shares of the company’s stock valued at $51,000 after purchasing an additional 650 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at about $57,000. Wagner Wealth Management LLC boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 5,708.3% in the 3rd quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock worth $77,000 after buying an additional 2,740 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 44.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 5,474 shares of the company’s stock worth $144,000 after buying an additional 1,673 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 35.1% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 7,704 shares of the company’s stock valued at $203,000 after acquiring an additional 2,000 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.2 %

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.57 on Friday. The business’s fifty day simple moving average is $27.21 and its 200 day simple moving average is $26.89. Invesco Taxable Municipal Bond ETF has a 12 month low of $25.38 and a 12 month high of $28.12. The firm has a market capitalization of $1.27 billion, a P/E 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.