Hilltop Holdings Inc. Grows Stock Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Hilltop Holdings Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 32.1% during the third quarter, HoldingsChannel reports. The fund owned 25,062 shares of the company’s stock after purchasing an additional 6,094 shares during the quarter. Hilltop Holdings Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BAB. Bank of New York Mellon Corp boosted its position in shares of Invesco Taxable Municipal Bond ETF by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,602,854 shares of the company’s stock valued at $42,283,000 after acquiring an additional 25,979 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Invesco Taxable Municipal Bond ETF by 16.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,163,131 shares of the company’s stock worth $30,683,000 after purchasing an additional 166,712 shares in the last quarter. Bank of Montreal Can grew its position in shares of Invesco Taxable Municipal Bond ETF by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 534,725 shares of the company’s stock valued at $14,277,000 after purchasing an additional 8,260 shares in the last quarter. Bangor Savings Bank increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 2.6% in the third quarter. Bangor Savings Bank now owns 490,126 shares of the company’s stock worth $13,513,000 after purchasing an additional 12,600 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in shares of Invesco Taxable Municipal Bond ETF by 121.4% in the third quarter. Kingsview Wealth Management LLC now owns 469,941 shares of the company’s stock worth $12,956,000 after buying an additional 257,701 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

NYSEARCA:BAB opened at $27.13 on Friday. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.61 and a 52-week high of $28.12. The stock has a fifty day moving average of $26.91 and a 200 day moving average of $26.96. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22.

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.