Bangor Savings Bank Has $13.32 Million Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Bangor Savings Bank grew its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 509,366 shares of the company’s stock after buying an additional 19,240 shares during the quarter. Invesco Taxable Municipal Bond ETF accounts for approximately 1.2% of Bangor Savings Bank’s holdings, making the stock its 18th biggest holding. Bangor Savings Bank owned 1.06% of Invesco Taxable Municipal Bond ETF worth $13,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wagner Wealth Management LLC raised its position in Invesco Taxable Municipal Bond ETF by 5,708.3% in the third quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock worth $77,000 after purchasing an additional 2,740 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 44.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 5,474 shares of the company’s stock worth $144,000 after buying an additional 1,673 shares in the last quarter. Peoples Bank KS lifted its position in shares of Invesco Taxable Municipal Bond ETF by 350.3% during the 3rd quarter. Peoples Bank KS now owns 8,645 shares of the company’s stock worth $238,000 after buying an additional 6,725 shares during the period. IHT Wealth Management LLC acquired a new stake in Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at $241,000. Finally, Kovack Advisors Inc. boosted its stake in Invesco Taxable Municipal Bond ETF by 9.1% in the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after buying an additional 803 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

Invesco Taxable Municipal Bond ETF stock opened at $26.13 on Tuesday. The firm has a market capitalization of $1.25 billion, a P/E ratio of -199.62 and a beta of 0.22. The stock has a fifty day moving average price of $26.61 and a two-hundred day moving average price of $26.96. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.61 and a 52-week high of $28.12.

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.