Tortoise Investment Management LLC Sells 38,453 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Tortoise Investment Management LLC reduced its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 14.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 234,565 shares of the company’s stock after selling 38,453 shares during the quarter. Tortoise Investment Management LLC owned about 0.40% of Invesco Taxable Municipal Bond ETF worth $6,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $31,000. Baystate Wealth Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $40,000. Global Retirement Partners LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 34.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,711 shares of the company’s stock worth $46,000 after buying an additional 440 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $46,000. Finally, Allworth Financial LP acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $51,000.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of Invesco Taxable Municipal Bond ETF stock traded up $0.06 during trading on Friday, hitting $26.82. 615,651 shares of the company were exchanged, compared to its average volume of 369,567. The firm has a market capitalization of $1.28 billion, a P/E ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a 1-year low of $24.29 and a 1-year high of $27.33. The firm’s fifty day moving average price is $26.18 and its 200 day moving average price is $26.44.

Invesco Taxable Municipal Bond ETF Company 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.