Gilliland Jeter Wealth Management LLC Invests $306,000 in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Gilliland Jeter Wealth Management LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,389 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BAB. Bank of New York Mellon Corp bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the third quarter valued at about $31,712,000. Private Ocean LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 42.6% in the fourth quarter. Private Ocean LLC now owns 898,275 shares of the company’s stock valued at $24,173,000 after acquiring an additional 268,246 shares in the last quarter. Schmidt P J Investment Management Inc. bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at about $5,389,000. Envestnet Asset Management Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 33.5% in the third quarter. Envestnet Asset Management Inc. now owns 744,799 shares of the company’s stock valued at $18,836,000 after acquiring an additional 186,792 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 26.3% in the third quarter. Raymond James & Associates now owns 866,014 shares of the company’s stock valued at $21,901,000 after acquiring an additional 180,343 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

BAB traded up $0.06 on Friday, hitting $25.75. The company had a trading volume of 260,933 shares, compared to its average volume of 369,192. The stock has a fifty day moving average price of $26.30 and a 200-day moving average price of $26.15. Invesco Taxable Municipal Bond ETF has a 12-month low of $24.29 and a 12-month high of $27.33. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -199.60 and a beta of 0.19.

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.