Modern Wealth Management LLC Has $374,000 Stock Position in Invesco Taxable Municipal Bond ETF $BAB

Modern Wealth Management LLC lowered its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 64.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,910 shares of the company’s stock after selling 24,938 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $374,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Annex Advisory Services LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at $83,386,000. Jane Street Group LLC boosted its stake in Invesco Taxable Municipal Bond ETF by 44.4% during the second quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock worth $15,002,000 after buying an additional 173,932 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at $3,460,000. Bank of Montreal Can increased its holdings in Invesco Taxable Municipal Bond ETF by 12.9% in the 3rd quarter. Bank of Montreal Can now owns 830,686 shares of the company’s stock valued at $22,669,000 after buying an additional 95,132 shares during the period. Finally, AE Wealth Management LLC raised its stake in shares of Invesco Taxable Municipal Bond ETF by 3,306.4% in the 4th quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock valued at $2,386,000 after buying an additional 85,140 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

NYSEARCA:BAB opened at $26.47 on Tuesday. The company has a 50-day moving average of $26.70 and a 200-day moving average of $26.97. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29. Invesco Taxable Municipal Bond ETF has a 52 week low of $26.29 and a 52 week high of $27.73.

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.