Gilliland Jeter Wealth Management LLC Takes $306,000 Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Gilliland Jeter Wealth Management LLC bought a new stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,389 shares of the company’s stock, valued at approximately $306,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concourse Financial Group Securities Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 68.8% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,396 shares of the company’s stock valued at $35,000 after purchasing an additional 569 shares during the last quarter. Baystate Wealth Management LLC bought a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter valued at about $40,000. Global Retirement Partners LLC grew its position in Invesco Taxable Municipal Bond ETF by 34.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,711 shares of the company’s stock valued at $46,000 after buying an additional 440 shares during the period. Allworth Financial LP bought a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter valued at about $51,000. Finally, BOK Financial Private Wealth Inc. bought a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter valued at about $68,000.

Invesco Taxable Municipal Bond ETF Stock Up 0.2 %

BAB traded up $0.06 during trading on Friday, hitting $25.75. 260,933 shares of the company traded hands, compared to its average volume of 369,192. The firm has a market cap of $1.26 billion, a P/E ratio of -199.60 and a beta of 0.19. The stock’s fifty day moving average is $26.30 and its 200 day moving average is $26.15. Invesco Taxable Municipal Bond ETF has a one year low of $24.29 and a one year high of $27.33.

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.