Annex Advisory Services LLC Has $89.41 Million Stock Position in Invesco Taxable Municipal Bond ETF $BAB

Annex Advisory Services LLC raised its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,331,378 shares of the company’s stock after buying an additional 151,384 shares during the quarter. Invesco Taxable Municipal Bond ETF comprises approximately 1.5% of Annex Advisory Services LLC’s investment portfolio, making the stock its 18th biggest holding. Annex Advisory Services LLC owned 0.09% of Invesco Taxable Municipal Bond ETF worth $89,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sarver Vrooman Wealth Advisors bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth $32,000. Chapman Financial Group LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at $42,000. Western Wealth Management LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the 1st quarter valued at $78,000. Finally, IFP Advisors Inc lifted its position in Invesco Taxable Municipal Bond ETF by 26.6% in the 4th quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock valued at $95,000 after acquiring an additional 736 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA BAB opened at $26.35 on Wednesday. The company has a fifty day moving average price of $26.66 and a 200 day moving average price of $26.90. The firm has a market cap of $1.01 billion, a PE ratio of -202.23 and a beta of 0.29. Invesco Taxable Municipal Bond ETF has a 1-year low of $26.22 and a 1-year high of $27.73.

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.