Caldwell Trust Co Makes New $505,000 Investment in Invesco Taxable Municipal Bond ETF $BAB

Caldwell Trust Co acquired a new stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,722 shares of the company’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BAB. Sarver Vrooman Wealth Advisors bought a new position in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth $26,000. Root Financial Partners LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the 4th quarter valued at $32,000. Chapman Financial Group LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the 2nd quarter valued at $42,000. IFP Advisors Inc raised its holdings in Invesco Taxable Municipal Bond ETF by 26.6% during the fourth quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock worth $95,000 after buying an additional 736 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $105,000.

Invesco Taxable Municipal Bond ETF Price Performance

BAB opened at $26.99 on Monday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $26.15 and a fifty-two week high of $27.73. The firm has a market capitalization of $1.04 billion, a PE ratio of -202.23 and a beta of 0.30. The company’s 50-day moving average is $26.80 and its 200 day moving average is $27.05.

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. 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.