Wealthspire Advisors LLC Purchases 294,054 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Wealthspire Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,049,364 shares of the company’s stock after acquiring an additional 294,054 shares during the quarter. Invesco Taxable Municipal Bond ETF makes up about 1.2% of Wealthspire Advisors LLC’s investment portfolio, making the stock its 16th largest position. Wealthspire Advisors LLC owned approximately 5.25% of Invesco Taxable Municipal Bond ETF worth $82,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Centric Wealth Management bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth $518,000. Apollon Wealth Management LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth $329,000. Private Advisor Group LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF by 8.2% during the fourth quarter. Private Advisor Group LLC now owns 114,272 shares of the company’s stock worth $3,075,000 after purchasing an additional 8,667 shares during the period. Great Valley Advisor Group Inc. grew its stake in shares of Invesco Taxable Municipal Bond ETF by 59.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 210,838 shares of the company’s stock worth $5,673,000 after purchasing an additional 78,400 shares during the period. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF by 8.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 24,425 shares of the company’s stock worth $657,000 after purchasing an additional 1,992 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Up 0.5 %

Shares of Invesco Taxable Municipal Bond ETF stock traded up $0.12 during trading on Thursday, reaching $26.28. 270,055 shares of the company were exchanged, compared to its average volume of 406,791. Invesco Taxable Municipal Bond ETF has a twelve month low of $24.29 and a twelve month high of $27.33. The business has a 50-day moving average price of $26.24 and a 200-day moving average price of $26.22. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22.

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.