Tortoise Investment Management LLC Purchases 36,222 Shares of Invesco Taxable Municipal Bond ETF $BAB

Tortoise Investment Management LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 8.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 464,700 shares of the company’s stock after purchasing an additional 36,222 shares during the period. Tortoise Investment Management LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $12,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Annex Advisory Services LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 4.8% in the 2nd quarter. Annex Advisory Services LLC now owns 3,331,378 shares of the company’s stock worth $89,414,000 after purchasing an additional 151,384 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Invesco Taxable Municipal Bond ETF by 0.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock valued at $40,797,000 after purchasing an additional 4,693 shares during the period. HighTower Advisors LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 4.8% during the 4th quarter. HighTower Advisors LLC now owns 1,510,212 shares of the company’s stock valued at $41,078,000 after purchasing an additional 68,974 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco Taxable Municipal Bond ETF by 3.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock valued at $32,114,000 after purchasing an additional 41,295 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Invesco Taxable Municipal Bond ETF by 3.0% during the 3rd quarter. Bank of America Corp DE now owns 1,134,058 shares of the company’s stock valued at $30,948,000 after purchasing an additional 32,625 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Invesco Taxable Municipal Bond ETF stock opened at $26.17 on Thursday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $26.14 and a fifty-two week high of $27.73. The stock has a market cap of $1.01 billion, a P/E ratio of -202.23 and a beta of 0.30. The firm’s fifty day moving average price is $26.45 and its 200-day moving average price is $26.77.

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.