Merriman Wealth Management LLC Invests $8.61 Million in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Merriman Wealth Management LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 259,601 shares of the company’s stock, valued at approximately $8,614,000. Invesco Taxable Municipal Bond ETF makes up approximately 0.7% of Merriman Wealth Management LLC’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter worth $45,359,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter worth $13,670,000. Rational Advisors LLC raised its position in shares of Invesco Taxable Municipal Bond ETF by 133.2% in the 2nd quarter. Rational Advisors LLC now owns 744,708 shares of the company’s stock worth $24,709,000 after acquiring an additional 425,316 shares in the last quarter. Barclays PLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter worth $6,406,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Invesco Taxable Municipal Bond ETF by 128.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 337,225 shares of the company’s stock worth $11,189,000 after acquiring an additional 189,913 shares in the last quarter.

BAB stock remained flat at $$33.57 on Wednesday. The company had a trading volume of 2,622 shares, compared to its average volume of 343,209. Invesco Taxable Municipal Bond ETF has a 1 year low of $31.68 and a 1 year high of $34.00. The stock’s 50-day simple moving average is $33.57 and its 200 day simple moving average is $32.94.

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.

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Institutional Ownership by Quarter for Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

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