Progressive Investment Management Corp increased its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Free Report) by 10.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,506 shares of the company’s stock after purchasing an additional 1,325 shares during the quarter. Progressive Investment Management Corp’s holdings in Invesco Taxable Municipal Bond ETF were worth $360,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the first quarter worth about $38,000. Chapman Financial Group LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $71,000. FORM Wealth Advisors LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter worth about $258,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 25.8% in the 1st quarter. Gilliland Jeter Wealth Management LLC now owns 9,662 shares of the company’s stock worth $258,000 after purchasing an additional 1,980 shares during the period. Finally, Millington Financial Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 9.5% in the 1st quarter. Millington Financial Advisors LLC now owns 13,141 shares of the company’s stock worth $340,000 after purchasing an additional 1,140 shares during the period.
Invesco Taxable Municipal Bond ETF Price Performance
Invesco Taxable Municipal Bond ETF stock opened at $26.62 on Friday. The stock’s 50-day moving average is $26.42 and its 200-day moving average is $26.38. The company has a market cap of $929.04 million, a price-to-earnings ratio of -202.23 and a beta of 0.18. Invesco Taxable Municipal Bond ETF has a 12 month low of $25.59 and a 12 month high of $28.12.
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.
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