Hershey Financial Advisers LLC Makes New Investment in Invesco Taxable Municipal Bond ETF $BAB

Hershey Financial Advisers LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 133,502 shares of the company’s stock, valued at approximately $3,542,000. Invesco Taxable Municipal Bond ETF accounts for approximately 3.2% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 11th biggest position. Hershey Financial Advisers LLC owned about 0.38% of Invesco Taxable Municipal Bond ETF at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. boosted its holdings in Invesco Taxable Municipal Bond ETF by 1.7% during the first quarter. Invesco Ltd. now owns 247,754 shares of the company’s stock worth $6,610,000 after buying an additional 4,230 shares in the last quarter. Progressive Investment Management Corp lifted its position in shares of Invesco Taxable Municipal Bond ETF by 10.9% during the 1st quarter. Progressive Investment Management Corp now owns 13,506 shares of the company’s stock valued at $360,000 after acquiring an additional 1,325 shares during the period. United Asset Strategies Inc. boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 1.2% during the 1st quarter. United Asset Strategies Inc. now owns 70,775 shares of the company’s stock worth $1,888,000 after acquiring an additional 810 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 12.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 266,173 shares of the company’s stock worth $7,101,000 after acquiring an additional 28,880 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 52.9% in the 1st quarter. Tortoise Investment Management LLC now owns 389,790 shares of the company’s stock worth $10,400,000 after acquiring an additional 134,887 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB stock opened at $27.16 on Friday. The stock has a fifty day moving average price of $27.38 and a 200 day moving average price of $26.89. The stock has a market cap of $1.00 billion, a PE ratio of -202.23 and a beta of 0.32. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.59 and a 1 year high of $27.69.

Invesco Taxable Municipal Bond ETF 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.