Tortoise Investment Management LLC Sells 39,710 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Tortoise Investment Management LLC cut its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BABFree Report) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,308 shares of the company’s stock after selling 39,710 shares during the quarter. Tortoise Investment Management LLC owned about 0.40% of Invesco Taxable Municipal Bond ETF worth $6,250,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BAB. First United Bank & Trust bought a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter valued at about $31,000. Concourse Financial Group Securities Inc. raised its stake in shares of Invesco Taxable Municipal Bond ETF by 68.8% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,396 shares of the company’s stock valued at $35,000 after purchasing an additional 569 shares in the last quarter. Baystate Wealth Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at $40,000. Global Retirement Partners LLC lifted its position in Invesco Taxable Municipal Bond ETF by 34.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,711 shares of the company’s stock worth $46,000 after purchasing an additional 440 shares during the period. Finally, Allworth Financial LP acquired a new stake in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $51,000.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB stock traded down $0.07 during trading hours on Friday, hitting $26.39. The company had a trading volume of 164,372 shares, compared to its average volume of 394,672. Invesco Taxable Municipal Bond ETF has a 12 month low of $24.29 and a 12 month high of $27.33. The firm’s fifty day moving average is $26.20 and its 200 day moving average is $26.29. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22.

About Invesco Taxable Municipal Bond ETF

(Free Report)

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.

See Also

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

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