Freedom Investment Management Inc. Has $4.56 Million Stock Holdings in Invesco Taxable Municipal Bond ETF $BAB

Freedom Investment Management Inc. cut its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,698 shares of the company’s stock after selling 12,073 shares during the quarter. Freedom Investment Management Inc. owned 0.49% of Invesco Taxable Municipal Bond ETF worth $4,555,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in Invesco Taxable Municipal Bond ETF during the first quarter worth about $774,000. Cambridge Investment Research Advisors Inc. lifted its stake in Invesco Taxable Municipal Bond ETF by 6.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,602 shares of the company’s stock worth $1,537,000 after purchasing an additional 3,336 shares during the period. White Pine Investment CO lifted its stake in Invesco Taxable Municipal Bond ETF by 8.1% during the first quarter. White Pine Investment CO now owns 120,964 shares of the company’s stock worth $3,227,000 after purchasing an additional 9,063 shares during the period. KG&L Capital Management LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 2.7% during the first quarter. KG&L Capital Management LLC now owns 68,781 shares of the company’s stock worth $1,835,000 after purchasing an additional 1,834 shares during the period. Finally, Money Concepts Capital Corp lifted its stake in Invesco Taxable Municipal Bond ETF by 2.9% during the first quarter. Money Concepts Capital Corp now owns 116,026 shares of the company’s stock worth $3,096,000 after purchasing an additional 3,305 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Up 0.0%

Shares of BAB opened at $27.68 on Thursday. The stock has a market cap of $950.81 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 $27.69. The company has a 50-day moving average price of $27.12 and a two-hundred day moving average price of $26.56.

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.