Cetera Investment Advisers Has $2.41 Million Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Cetera Investment Advisers raised its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 19.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,235 shares of the company’s stock after buying an additional 15,165 shares during the period. Cetera Investment Advisers owned about 0.19% of Invesco Taxable Municipal Bond ETF worth $2,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthspire Advisors LLC raised its stake in Invesco Taxable Municipal Bond ETF by 7.9% during the first quarter. Wealthspire Advisors LLC now owns 3,291,338 shares of the company’s stock worth $87,385,000 after buying an additional 241,974 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,602,854 shares of the company’s stock valued at $42,283,000 after purchasing an additional 25,979 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 16.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,163,131 shares of the company’s stock valued at $30,683,000 after purchasing an additional 166,712 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Invesco Taxable Municipal Bond ETF by 45.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,043,028 shares of the company’s stock valued at $28,068,000 after purchasing an additional 325,482 shares in the last quarter. Finally, Private Ocean LLC grew its stake in Invesco Taxable Municipal Bond ETF by 8.3% during the first quarter. Private Ocean LLC now owns 972,490 shares of the company’s stock worth $25,820,000 after purchasing an additional 74,215 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB opened at $26.98 on Friday. The firm has a market cap of $1.29 billion, a PE ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a 52-week low of $24.29 and a 52-week high of $28.12. The business’s 50 day moving average price is $27.50 and its two-hundred day moving average price is $26.78.

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.