AE Wealth Management LLC Raises Stock Holdings in Invesco Taxable Municipal Bond ETF $BAB

AE Wealth Management LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 3,306.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,715 shares of the company’s stock after purchasing an additional 85,140 shares during the quarter. AE Wealth Management LLC owned approximately 0.23% of Invesco Taxable Municipal Bond ETF worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BAB. Chapman Financial Group LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the second quarter valued at approximately $42,000. Premier Financial Group acquired a new stake in Invesco Taxable Municipal Bond ETF during the third quarter worth approximately $54,000. Clayton Financial Group LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the third quarter worth approximately $55,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $105,000. Finally, WealthShield Partners LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 3rd quarter worth approximately $116,000.

Invesco Taxable Municipal Bond ETF Stock Down 0.4%

Shares of Invesco Taxable Municipal Bond ETF stock opened at $27.06 on Tuesday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.65 and a fifty-two week high of $27.73. The business’s fifty day moving average is $27.18 and its two-hundred day moving average is $27.26. The firm has a market cap of $1.03 billion, a PE ratio of -202.23 and a beta of 0.33.

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. 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.