Moors & Cabot Inc.Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB), investing approximately $382,000 during the second quarter of 2023. According to recent disclosures filed with the Securities and Exchange Commission, the institutional investor acquired 14,417 shares of the ETF, reflecting a growing interest in municipal bond investments.
Several other institutional investors have also adjusted their positions in the Invesco ETF. Opal Wealth Advisors LLC increased its stake by 116.6% during the same quarter, now holding 3,093 shares valued at approximately $82,000. Similarly, Harbour Investments Inc. raised its position by 25.7%, acquiring an additional 1,189 shares to bring its total to 5,824 shares worth around $155,000.
In addition, Apollon Wealth Management LLC and Atria Investments Inc. entered new positions in the ETF, valued at $210,000 and $212,000 respectively. Meanwhile, Progressive Investment Management Corp. lifted its holdings by 10.9%, now controlling 13,506 shares with a total value of $360,000.
Current Performance and Market Insights
As of the latest trading session, shares of the Invesco Taxable Municipal Bond ETF opened at $27.34. The ETF’s performance has been stable, with a 50-day moving average of $27.30 and a 200-day moving average of $26.68. Over the past year, the ETF reached a low of $25.59 and peaked at $27.69.
The Invesco Taxable Municipal Bond ETF boasts a market capitalization of $1.01 billion, with a P/E ratio of -202.23 and a beta of 0.32. The fund aims to replicate the performance of the BofA Merrill Lynch Build America Bond Index, typically investing at least 80% of its total assets in the securities that comprise this index.
As interest in municipal bonds continues to grow, investors are encouraged to monitor the changing landscape of holdings within the Invesco Taxable Municipal Bond ETF. For those interested in further insights, HoldingsChannel.com offers up-to-date information on hedge fund investments and insider trades related to the ETF.
To stay informed about the latest news and analysts’ ratings, individuals can subscribe to receive daily summaries from MarketBeat.com.
