Raymond James & Associates Trims Stock Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Raymond James & Associates trimmed its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 741,412 shares of the company’s stock after selling 39,951 shares during the period. Raymond James & Associates’ holdings in Invesco Taxable Municipal Bond ETF were worth $20,441,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Peoples Bank KS lifted its holdings in Invesco Taxable Municipal Bond ETF by 51.2% in the 2nd quarter. Peoples Bank KS now owns 1,920 shares of the company’s stock valued at $51,000 after purchasing an additional 650 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the second quarter valued at approximately $57,000. Wagner Wealth Management LLC lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 5,708.3% during the third quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock valued at $77,000 after buying an additional 2,740 shares during the period. Palisade Asset Management LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the first quarter worth approximately $143,000. Finally, Cullen Frost Bankers Inc. boosted its position in Invesco Taxable Municipal Bond ETF by 44.0% during the second quarter. Cullen Frost Bankers Inc. now owns 5,474 shares of the company’s stock worth $144,000 after acquiring an additional 1,673 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB opened at $26.73 on Friday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $24.46 and a fifty-two week high of $28.12. The company has a market capitalization of $1.28 billion, a PE ratio of -199.62 and a beta of 0.22. The stock has a fifty day moving average of $27.43 and a two-hundred day moving average of $26.81.

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.