Kovack Advisors Inc. Buys 803 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Kovack Advisors Inc. increased its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,603 shares of the company’s stock after buying an additional 803 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $265,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Peoples Bank KS grew its holdings in Invesco Taxable Municipal Bond ETF by 51.2% during the 2nd quarter. Peoples Bank KS now owns 1,920 shares of the company’s stock valued at $51,000 after buying an additional 650 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the second quarter valued at approximately $57,000. Wagner Wealth Management LLC grew its stake in Invesco Taxable Municipal Bond ETF by 5,708.3% during the third quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock valued at $77,000 after acquiring an additional 2,740 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Invesco Taxable Municipal Bond ETF by 44.0% during the second quarter. Cullen Frost Bankers Inc. now owns 5,474 shares of the company’s stock valued at $144,000 after acquiring an additional 1,673 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its holdings in Invesco Taxable Municipal Bond ETF by 35.1% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 7,704 shares of the company’s stock worth $203,000 after acquiring an additional 2,000 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of NYSEARCA:BAB opened at $26.57 on Friday. The firm has a fifty day moving average price of $27.21 and a two-hundred day moving average price of $26.89. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a one year low of $25.38 and a one year high of $28.12.

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.