Strategic Financial Concepts LLC Increases Stock Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Strategic Financial Concepts LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 7.9% during the first quarter, Holdings Channel.com reports. The firm owned 18,097 shares of the company’s stock after buying an additional 1,328 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wealthspire Advisors LLC lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 10.7% in the 4th quarter. Wealthspire Advisors LLC now owns 3,049,364 shares of the company’s stock valued at $82,058,000 after purchasing an additional 294,054 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 8.1% in the third quarter. Ameriprise Financial Inc. now owns 2,147,224 shares of the company’s stock valued at $54,290,000 after buying an additional 161,349 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Invesco Taxable Municipal Bond ETF during the third quarter worth about $31,712,000. PNC Financial Services Group Inc. increased its position in shares of Invesco Taxable Municipal Bond ETF by 45.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,043,028 shares of the company’s stock valued at $28,068,000 after acquiring an additional 325,482 shares during the last quarter. Finally, Private Ocean LLC raised its stake in shares of Invesco Taxable Municipal Bond ETF by 8.3% in the 1st quarter. Private Ocean LLC now owns 972,490 shares of the company’s stock valued at $25,820,000 after acquiring an additional 74,215 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of BAB stock traded down $0.09 during trading hours on Tuesday, hitting $25.77. The company had a trading volume of 2,271,364 shares, compared to its average volume of 390,200. The stock has a market capitalization of $1.26 billion, a PE ratio of -199.60 and a beta of 0.19. The company’s fifty day moving average is $26.28 and its 200 day moving average is $26.17. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $24.29 and a fifty-two week high of $27.33.

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.