Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Stake Boosted by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. lifted its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 232,709 shares of the company’s stock after purchasing an additional 2,841 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $6,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $45,000. Wagner Wealth Management LLC grew its holdings in Invesco Taxable Municipal Bond ETF by 5,708.3% in the 3rd quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock worth $77,000 after buying an additional 2,740 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at approximately $241,000. Kovack Advisors Inc. raised its stake in Invesco Taxable Municipal Bond ETF by 9.1% during the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after acquiring an additional 803 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the 2nd quarter worth $333,000.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB opened at $26.54 on Thursday. Invesco Taxable Municipal Bond ETF has a one year low of $25.61 and a one year high of $28.12. The stock’s fifty day moving average is $26.40 and its 200-day moving average is $26.90. The firm has a market capitalization of $1.27 billion, a price-to-earnings 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.