Wrapmanager Inc. Has $2.27 Million Stock Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Wrapmanager Inc. lifted its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,703 shares of the company’s stock after purchasing an additional 7,339 shares during the quarter. Wrapmanager Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $2,267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Millington Financial Advisors LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 19.3% in the 4th quarter. Millington Financial Advisors LLC now owns 12,001 shares of the company’s stock valued at $316,000 after acquiring an additional 1,939 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 37.8% in the 4th quarter. Sanctuary Advisors LLC now owns 29,958 shares of the company’s stock valued at $788,000 after purchasing an additional 8,223 shares during the period. Rational Advisors LLC raised its stake in Invesco Taxable Municipal Bond ETF by 47.4% in the 4th quarter. Rational Advisors LLC now owns 528,974 shares of the company’s stock valued at $13,833,000 after acquiring an additional 170,049 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at about $445,000. Finally, Oceanside Advisors LLC lifted its position in Invesco Taxable Municipal Bond ETF by 3.9% during the fourth quarter. Oceanside Advisors LLC now owns 92,472 shares of the company’s stock worth $2,418,000 after acquiring an additional 3,491 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.57 on Tuesday. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.61 and a 52-week high of $28.12. The firm has a 50-day moving average of $26.26 and a 200-day moving average of $26.85. The stock has a market cap of $1.27 billion, a PE ratio of -199.62 and a beta of 0.22.

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.