Hobbs Group Advisors LLC Has $4.07 Million Stock Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Hobbs Group Advisors LLC increased its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,612 shares of the company’s stock after acquiring an additional 3,683 shares during the period. Invesco Taxable Municipal Bond ETF comprises 1.5% of Hobbs Group Advisors LLC’s holdings, making the stock its 14th largest holding. Hobbs Group Advisors LLC owned approximately 0.31% of Invesco Taxable Municipal Bond ETF worth $4,070,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. MML Investors Services LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 92.5% during the 3rd quarter. MML Investors Services LLC now owns 220,894 shares of the company’s stock worth $6,090,000 after acquiring an additional 106,123 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Invesco Taxable Municipal Bond ETF by 10.9% during the 3rd quarter. Stifel Financial Corp now owns 198,525 shares of the company’s stock worth $5,473,000 after acquiring an additional 19,479 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter worth approximately $241,000. HighTower Advisors LLC boosted its position in Invesco Taxable Municipal Bond ETF by 4.1% in the third quarter. HighTower Advisors LLC now owns 1,004,497 shares of the company’s stock valued at $27,694,000 after buying an additional 39,588 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its position in Invesco Taxable Municipal Bond ETF by 32.1% in the third quarter. Hilltop Holdings Inc. now owns 25,062 shares of the company’s stock valued at $691,000 after buying an additional 6,094 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.98 on Wednesday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.61 and a fifty-two week high of $28.12. The firm has a market capitalization of $1.29 billion, a P/E ratio of -199.62 and a beta of 0.22. The company’s 50 day moving average price is $26.89 and its two-hundred day moving average price is $26.98.

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.