Spartan Wealth Advisory Services LLC Takes Position in Invesco Taxable Municipal Bond ETF $BAB

Spartan Wealth Advisory Services LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 47,873 shares of the company’s stock, valued at approximately $1,291,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sarver Vrooman Wealth Advisors bought a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $32,000. Chapman Financial Group LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the second quarter valued at approximately $42,000. IFP Advisors Inc grew its stake in Invesco Taxable Municipal Bond ETF by 26.6% in the 4th quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock worth $95,000 after buying an additional 736 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $105,000.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of NYSEARCA:BAB opened at $26.73 on Monday. The company’s fifty day moving average price is $26.73 and its 200-day moving average price is $27.00. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29. Invesco Taxable Municipal Bond ETF has a one year low of $26.20 and a one year 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.