Wrapmanager Inc. Acquires 6,058 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Wrapmanager Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 10.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 62,549 shares of the company’s stock after purchasing an additional 6,058 shares during the period. Wrapmanager Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $1,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MGO One Seven LLC boosted its holdings in Invesco Taxable Municipal Bond ETF by 2.4% in the second quarter. MGO One Seven LLC now owns 32,940 shares of the company’s stock valued at $869,000 after acquiring an additional 765 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings 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 buying an additional 1,673 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 5.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 236,750 shares of the company’s stock worth $6,245,000 after buying an additional 12,611 shares during the period. United Asset Strategies Inc. grew its position in shares of Invesco Taxable Municipal Bond ETF by 1.8% during the 2nd quarter. United Asset Strategies Inc. now owns 82,167 shares of the company’s stock worth $2,168,000 after buying an additional 1,470 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 97.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 115,548 shares of the company’s stock valued at $3,048,000 after acquiring an additional 57,108 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

Invesco Taxable Municipal Bond ETF stock opened at $27.88 on Friday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. The company’s 50 day simple moving average is $27.21 and its 200 day simple moving average is $26.64. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $24.29 and a fifty-two week high of $28.12.

Invesco Taxable Municipal Bond ETF Company 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.