Cibc World Markets Corp Has $1.07 Million Stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Cibc World Markets Corp increased its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 57.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 40,802 shares of the company’s stock after buying an additional 14,941 shares during the quarter. Cibc World Markets Corp’s holdings in Invesco Taxable Municipal Bond ETF were worth $1,067,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAB. Spire Wealth Management purchased a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at about $45,000. GWN Securities Inc. acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter valued at about $213,000. IHT Wealth Management LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at approximately $241,000. Consolidated Portfolio Review Corp increased its holdings in Invesco Taxable Municipal Bond ETF by 4.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after buying an additional 450 shares during the last quarter. Finally, Kovack Advisors Inc. raised its position in Invesco Taxable Municipal Bond ETF by 24.2% during the fourth quarter. Kovack Advisors Inc. now owns 11,926 shares of the company’s stock valued at $312,000 after acquiring an additional 2,323 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Down 0.2 %

BAB stock opened at $26.77 on Friday. The firm has a 50 day moving average of $26.49 and a two-hundred day moving average of $26.78. Invesco Taxable Municipal Bond ETF has a 12 month low of $25.61 and a 12 month high of $28.12. The company has a market capitalization of $974.43 million, a price-to-earnings ratio of -204.92 and a beta of 0.34.

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.