Oceanside Advisors LLC Buys 3,491 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Oceanside Advisors LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,472 shares of the company’s stock after purchasing an additional 3,491 shares during the period. Invesco Taxable Municipal Bond ETF makes up 1.8% of Oceanside Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Oceanside Advisors LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Spire Wealth Management bought a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter worth $45,000. IHT Wealth Management LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter worth about $241,000. Kovack Advisors Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 9.1% during the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after acquiring an additional 803 shares during the period. Consolidated Portfolio Review Corp boosted its stake in Invesco Taxable Municipal Bond ETF by 4.0% during the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after acquiring an additional 450 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the second quarter worth about $333,000.

Invesco Taxable Municipal Bond ETF Stock Performance

BAB stock opened at $26.44 on Tuesday. The firm has a 50 day moving average price of $26.37 and a 200-day moving average price of $26.89. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.61 and a 52-week high of $28.12. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22.

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.