Milestone Asset Management LLC Acquires New Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Milestone Asset Management LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 166,185 shares of the company’s stock, valued at approximately $4,384,000. Invesco Taxable Municipal Bond ETF makes up 1.1% of Milestone Asset Management LLC’s holdings, making the stock its 20th biggest position. Milestone Asset Management LLC owned 0.35% of Invesco Taxable Municipal Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $2,339,000. Onyx Bridge Wealth Group LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 4.0% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 303,501 shares of the company’s stock worth $8,167,000 after acquiring an additional 11,788 shares during the last quarter. Truist Financial Corp grew its holdings in Invesco Taxable Municipal Bond ETF by 33.0% during the 4th quarter. Truist Financial Corp now owns 273,603 shares of the company’s stock worth $7,363,000 after acquiring an additional 67,932 shares in the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter valued at approximately $306,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 8.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 24,425 shares of the company’s stock valued at $657,000 after purchasing an additional 1,992 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of Invesco Taxable Municipal Bond ETF stock traded up $0.01 during trading on Monday, hitting $27.31. 228,784 shares of the stock were exchanged, compared to its average volume of 330,192. The firm’s 50-day moving average price is $26.80 and its 200 day moving average price is $26.49. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a 12-month low of $24.29 and a 12-month high of $27.77.

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.