Annex Advisory Services LLC Acquires Shares of 3,065,649 Invesco Taxable Municipal Bond ETF $BAB

Annex Advisory Services LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,065,649 shares of the company’s stock, valued at approximately $83,386,000. Invesco Taxable Municipal Bond ETF makes up about 1.6% of Annex Advisory Services LLC’s portfolio, making the stock its 17th largest position. Annex Advisory Services LLC owned about 7.98% of Invesco Taxable Municipal Bond ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Freestone Capital Holdings LLC boosted its holdings in Invesco Taxable Municipal Bond ETF by 21.1% in the fourth quarter. Freestone Capital Holdings LLC now owns 30,156 shares of the company’s stock valued at $820,000 after purchasing an additional 5,245 shares during the last quarter. Patten Group Inc. boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 22.0% during the 4th quarter. Patten Group Inc. now owns 104,654 shares of the company’s stock valued at $2,847,000 after buying an additional 18,899 shares during the last quarter. Colorado Capital Management Inc. acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth approximately $342,000. Capstone Capital LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 1,077.3% during the fourth quarter. Capstone Capital LLC now owns 23,652 shares of the company’s stock worth $643,000 after buying an additional 21,643 shares in the last quarter. Finally, Cane Capital Partners LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth approximately $418,000.

Invesco Taxable Municipal Bond ETF Price Performance

BAB opened at $27.14 on Wednesday. The stock has a market capitalization of $1.04 billion, a PE ratio of -202.23 and a beta of 0.33. The firm’s fifty day moving average price is $27.19 and its 200 day moving average price is $27.27. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.65 and a 12-month high of $27.73.

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.