Patten Group Inc. Lowers Position in Invesco Taxable Municipal Bond ETF $BAB

Patten Group Inc. cut its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 4.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 86,140 shares of the company’s stock after selling 4,232 shares during the quarter. Patten Group Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $2,285,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of BAB. Opal Wealth Advisors LLC lifted its position in Invesco Taxable Municipal Bond ETF by 116.6% during the second quarter. Opal Wealth Advisors LLC now owns 3,093 shares of the company’s stock valued at $82,000 after purchasing an additional 1,665 shares in the last quarter. Harbour Investments Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 25.7% during the second quarter. Harbour Investments Inc. now owns 5,824 shares of the company’s stock valued at $155,000 after purchasing an additional 1,189 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the second quarter valued at $210,000. FORM Wealth Advisors LLC purchased a new position in Invesco Taxable Municipal Bond ETF during the first quarter valued at $258,000. Finally, Gilliland Jeter Wealth Management LLC lifted its position in Invesco Taxable Municipal Bond ETF by 25.8% during the first quarter. Gilliland Jeter Wealth Management LLC now owns 9,662 shares of the company’s stock valued at $258,000 after purchasing an additional 1,980 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Up 0.5%

Shares of Invesco Taxable Municipal Bond ETF stock opened at $27.67 on Wednesday. The stock’s 50-day simple moving average is $27.10 and its 200-day simple moving average is $26.55. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.59 and a 52 week high of $27.69. The company has a market capitalization of $950.46 million, a price-to-earnings ratio of -202.23 and a beta of 0.18.

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.