Smartleaf Asset Management LLC Boosts Stock Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Smartleaf Asset Management LLC increased its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,776 shares of the company’s stock after purchasing an additional 744 shares during the quarter. Smartleaf Asset Management LLC owned approximately 0.16% of Invesco Taxable Municipal Bond ETF worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Kovack Advisors Inc. grew its position in shares of Invesco Taxable Municipal Bond ETF by 24.2% in the 4th quarter. Kovack Advisors Inc. now owns 11,926 shares of the company’s stock worth $312,000 after buying an additional 2,323 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter worth $4,710,000. Whipplewood Advisors LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at $724,000. Bank of New York Mellon Corp increased its position in Invesco Taxable Municipal Bond ETF by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,668,170 shares of the company’s stock valued at $43,623,000 after purchasing an additional 39,864 shares during the period. Finally, Wrapmanager Inc. raised its holdings in Invesco Taxable Municipal Bond ETF by 9.2% in the 4th quarter. Wrapmanager Inc. now owns 86,703 shares of the company’s stock worth $2,267,000 after purchasing an additional 7,339 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.4 %

NYSEARCA:BAB opened at $26.93 on Friday. The company has a 50-day moving average price of $26.30 and a 200-day moving average price of $26.84. The stock has a market cap of $980.25 million, a price-to-earnings ratio of -206.77 and a beta of 0.31. Invesco Taxable Municipal Bond ETF has a 12 month low of $25.61 and a 12 month high of $28.12.

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.