Symons Capital Management Inc. Grows Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Symons Capital Management Inc. boosted its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 427.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,663 shares of the company’s stock after purchasing an additional 54,841 shares during the period. Symons Capital Management Inc. owned about 0.16% of Invesco Taxable Municipal Bond ETF worth $2,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BAB. Invesco Ltd. lifted its position in Invesco Taxable Municipal Bond ETF by 127.6% during the second quarter. Invesco Ltd. now owns 2,953,401 shares of the company’s stock valued at $92,855,000 after purchasing an additional 1,655,626 shares in the last quarter. Donaldson Capital Management LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the third quarter valued at $33,205,000. BB&T Securities LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 110.8% during the third quarter. BB&T Securities LLC now owns 1,095,617 shares of the company’s stock valued at $35,478,000 after acquiring an additional 575,966 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Invesco Taxable Municipal Bond ETF by 549.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 333,354 shares of the company’s stock valued at $10,481,000 after acquiring an additional 281,996 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. raised its holdings in Invesco Taxable Municipal Bond ETF by 200.8% during the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 388,980 shares of the company’s stock valued at $12,230,000 after acquiring an additional 259,681 shares during the period.

NYSEARCA:BAB traded up $0.04 on Friday, reaching $31.52. 189,222 shares of the company’s stock traded hands, compared to its average volume of 175,636. The stock has a 50-day simple moving average of $32.14 and a 200-day simple moving average of $31.67. Invesco Taxable Municipal Bond ETF has a 12 month low of $28.56 and a 12 month high of $33.15.

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.

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Institutional Ownership by Quarter for Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

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