Spartan Wealth Advisory Services LLC Makes New Investment in Invesco Taxable Municipal Bond ETF $BAB

Spartan Wealth Advisory Services LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,873 shares of the company’s stock, valued at approximately $1,291,000. Spartan Wealth Advisory Services LLC owned 0.12% of Invesco Taxable Municipal Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. United Asset Strategies Inc. boosted its position in shares of Invesco Taxable Municipal Bond ETF by 2.4% in the first quarter. United Asset Strategies Inc. now owns 20,697 shares of the company’s stock valued at $558,000 after acquiring an additional 492 shares during the period. Comerica Bank increased its holdings in Invesco Taxable Municipal Bond ETF by 4.7% during the 3rd quarter. Comerica Bank now owns 11,752 shares of the company’s stock worth $321,000 after acquiring an additional 532 shares during the period. Progressive Investment Management Corp lifted its stake in Invesco Taxable Municipal Bond ETF by 3.7% in the 4th quarter. Progressive Investment Management Corp now owns 15,524 shares of the company’s stock worth $422,000 after purchasing an additional 556 shares in the last quarter. IFP Advisors Inc lifted its stake in Invesco Taxable Municipal Bond ETF by 26.6% in the 4th quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock worth $95,000 after purchasing an additional 736 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in Invesco Taxable Municipal Bond ETF by 5.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 16,052 shares of the company’s stock worth $437,000 after purchasing an additional 812 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of NYSEARCA:BAB opened at $26.73 on Monday. The firm has a fifty day moving average price of $26.73 and a two-hundred day moving average price of $27.00. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29. Invesco Taxable Municipal Bond ETF has a one year low of $26.20 and a one year high of $27.73.

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.