Golden State Equity Partners Makes New Investment in Invesco Taxable Municipal Bond ETF $BAB

Golden State Equity Partners acquired a new position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,168 shares of the company’s stock, valued at approximately $848,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the 2nd quarter worth approximately $42,000. Premier Financial Group bought a new stake in Invesco Taxable Municipal Bond ETF during the 3rd quarter worth approximately $54,000. AE Wealth Management LLC increased its holdings in Invesco Taxable Municipal Bond ETF by 1,726.2% during the 3rd quarter. AE Wealth Management LLC now owns 2,575 shares of the company’s stock worth $70,000 after purchasing an additional 2,434 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $105,000. Finally, WealthShield Partners LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF in the third quarter valued at approximately $116,000.

Invesco Taxable Municipal Bond ETF Price Performance

BAB stock opened at $26.97 on Monday. The firm has a market cap of $1.04 billion, a PE ratio of -202.23 and a beta of 0.33. The business has a 50 day moving average of $27.15 and a 200-day moving average of $27.25. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.65 and a 12-month high of $27.73.

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.