Invesco Taxable Municipal Bond ETF $BAB Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 666,923 shares of the company’s stock after selling 48,721 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.72% of Invesco Taxable Municipal Bond ETF worth $18,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BAB. Chapman Financial Group LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 2nd quarter valued at about $42,000. AE Wealth Management LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 1,726.2% during the 3rd quarter. AE Wealth Management LLC now owns 2,575 shares of the company’s stock valued at $70,000 after acquiring an additional 2,434 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter valued at about $105,000. WealthShield Partners LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter valued at about $116,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter valued at about $147,000.

Invesco Taxable Municipal Bond ETF Trading Up 0.3%

Shares of BAB stock opened at $26.55 on Friday. The company’s 50-day moving average price is $26.87 and its 200-day moving average price is $27.16. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a twelve month low of $25.75 and a twelve month high of $27.73.

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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.