Petra Financial Advisors Inc. Boosts Stock Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Petra Financial Advisors Inc. increased its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,356 shares of the company’s stock after buying an additional 1,348 shares during the period. Invesco Taxable Municipal Bond ETF accounts for 1.1% of Petra Financial Advisors Inc.’s holdings, making the stock its 26th biggest position. Petra Financial Advisors Inc. owned about 0.12% of Invesco Taxable Municipal Bond ETF worth $1,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS boosted its position in Invesco Taxable Municipal Bond ETF by 51.2% during the second quarter. Peoples Bank KS now owns 1,920 shares of the company’s stock worth $51,000 after acquiring an additional 650 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the second quarter valued at approximately $57,000. Wagner Wealth Management LLC increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 5,708.3% in the third quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock valued at $77,000 after purchasing an additional 2,740 shares during the last quarter. Palisade Asset Management LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the first quarter worth approximately $143,000. Finally, Cullen Frost Bankers Inc. boosted its stake 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.

Invesco Taxable Municipal Bond ETF Stock Down 0.1 %

Shares of BAB traded down $0.02 during midday trading on Thursday, reaching $26.72. The company had a trading volume of 10,054 shares, compared to its average volume of 319,462. The firm has a 50 day simple moving average of $27.39 and a 200-day simple moving average of $26.83. The stock has a market cap of $1.28 billion, a PE ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a 1-year low of $24.49 and a 1-year high of $28.12.

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.