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

Jones Financial Companies Lllp grew its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 49.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 120,217 shares of the company’s stock after acquiring an additional 39,555 shares during the period. Jones Financial Companies Lllp owned about 0.25% of Invesco Taxable Municipal Bond ETF worth $3,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Invesco Taxable Municipal Bond ETF by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,668,170 shares of the company’s stock valued at $43,623,000 after purchasing an additional 39,864 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Invesco Taxable Municipal Bond ETF by 4.1% in the third quarter. HighTower Advisors LLC now owns 1,004,497 shares of the company’s stock valued at $27,694,000 after buying an additional 39,588 shares during the period. Rational Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 47.4% during the 4th quarter. Rational Advisors LLC now owns 528,974 shares of the company’s stock valued at $13,833,000 after buying an additional 170,049 shares during the last quarter. Bangor Savings Bank grew its stake in shares of Invesco Taxable Municipal Bond ETF by 3.9% during the 4th quarter. Bangor Savings Bank now owns 509,366 shares of the company’s stock worth $13,320,000 after acquiring an additional 19,240 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings 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 worth $12,956,000 after acquiring an additional 257,701 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.76 on Thursday. The stock has a market capitalization of $974.06 million, a P/E ratio of -206.77 and a beta of 0.31. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.61 and a 52-week high of $28.12. The stock’s 50-day simple moving average is $26.34 and its 200 day simple moving average is $26.83.

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.