Tortoise Investment Management LLC Purchases 22,481 Shares of Invesco Taxable Municipal Bond ETF $BAB

Tortoise Investment Management LLC grew its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415,867 shares of the company’s stock after purchasing an additional 22,481 shares during the quarter. Tortoise Investment Management LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $11,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Annex Advisory Services LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth $83,386,000. Raymond James Financial Inc. boosted its position in shares of Invesco Taxable Municipal Bond ETF by 0.3% during the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock worth $40,797,000 after acquiring an additional 4,693 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 4.8% during the fourth quarter. HighTower Advisors LLC now owns 1,510,212 shares of the company’s stock worth $41,078,000 after acquiring an additional 68,974 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco Taxable Municipal Bond ETF by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock worth $32,114,000 after acquiring an additional 41,295 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Invesco Taxable Municipal Bond ETF by 3.0% during the third quarter. Bank of America Corp DE now owns 1,134,058 shares of the company’s stock worth $30,948,000 after acquiring an additional 32,625 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of NYSEARCA:BAB opened at $26.45 on Tuesday. The firm has a fifty day moving average price of $26.94 and a 200 day moving average price of $27.18. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.65 and a fifty-two week high of $27.73. The firm 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 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. 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.