Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Stake Reduced by Advisory Alpha LLC

Advisory Alpha LLC cut its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 33.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 49,981 shares of the company’s stock after selling 25,506 shares during the quarter. Advisory Alpha LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $1,327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Glassy Mountain Advisors Inc. raised its holdings in Invesco Taxable Municipal Bond ETF by 1.7% during the 4th quarter. Glassy Mountain Advisors Inc. now owns 25,374 shares of the company’s stock worth $683,000 after buying an additional 426 shares during the period. Global Retirement Partners LLC increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 34.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,711 shares of the company’s stock valued at $46,000 after purchasing an additional 440 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Invesco Taxable Municipal Bond ETF by 3.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 15,134 shares of the company’s stock valued at $402,000 after buying an additional 528 shares in the last quarter. Family Legacy Inc. grew its stake in shares of Invesco Taxable Municipal Bond ETF by 1.6% in the 4th quarter. Family Legacy Inc. now owns 35,334 shares of the company’s stock valued at $951,000 after buying an additional 554 shares in the last quarter. Finally, Wrapmanager Inc. grew its stake in shares of Invesco Taxable Municipal Bond ETF by 1.4% in the 4th quarter. Wrapmanager Inc. now owns 55,393 shares of the company’s stock valued at $1,491,000 after buying an additional 762 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Invesco Taxable Municipal Bond ETF stock remained flat at $26.77 during trading hours on Friday. The company’s stock had a trading volume of 21,219 shares, compared to its average volume of 346,424. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. The firm has a 50 day moving average price of $26.43 and a 200-day moving average price of $26.45. Invesco Taxable Municipal Bond ETF has a 52-week low of $24.29 and a 52-week high of $27.33.

About Invesco Taxable Municipal Bond ETF

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.