Bank of New York Mellon Corp Buys 39,864 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Bank of New York Mellon Corp increased its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,668,170 shares of the company’s stock after buying an additional 39,864 shares during the quarter. Bank of New York Mellon Corp owned 3.48% of Invesco Taxable Municipal Bond ETF worth $43,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC raised its position in Invesco Taxable Municipal Bond ETF by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,004,497 shares of the company’s stock valued at $27,694,000 after purchasing an additional 39,588 shares during the last quarter. Rational Advisors LLC raised its position in Invesco Taxable Municipal Bond ETF by 47.4% in the 4th quarter. Rational Advisors LLC now owns 528,974 shares of the company’s stock valued at $13,833,000 after purchasing an additional 170,049 shares during the last quarter. Bangor Savings Bank raised its position in Invesco Taxable Municipal Bond ETF by 3.9% in the 4th quarter. Bangor Savings Bank now owns 509,366 shares of the company’s stock valued at $13,320,000 after purchasing an additional 19,240 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Invesco Taxable Municipal Bond ETF by 121.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 469,941 shares of the company’s stock valued at $12,956,000 after purchasing an additional 257,701 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. raised its position in Invesco Taxable Municipal Bond ETF by 1.2% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 232,709 shares of the company’s stock valued at $6,085,000 after purchasing an additional 2,841 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB opened at $26.75 on Friday. The stock has a fifty day moving average price of $26.35 and a two-hundred day moving average price of $26.83. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.61 and a 52-week high of $28.12. The company has a market cap of $973.70 million, a price-to-earnings ratio of -206.77 and a beta of 0.31.

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.