UBS Group AG lowered its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Free Report) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 492,204 shares of the company’s stock after selling 18,969 shares during the quarter. UBS Group AG owned about 1.28% of Invesco Taxable Municipal Bond ETF worth $13,388,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chapman Financial Group LLC lifted its position in Invesco Taxable Municipal Bond ETF by 1,212.5% during the 3rd quarter. Chapman Financial Group LLC now owns 21,000 shares of the company’s stock worth $573,000 after acquiring an additional 19,400 shares during the period. Capstone Capital LLC lifted its position in Invesco Taxable Municipal Bond ETF by 1,077.3% during the 4th quarter. Capstone Capital LLC now owns 23,652 shares of the company’s stock worth $643,000 after acquiring an additional 21,643 shares during the period. AE Wealth Management LLC lifted its position in Invesco Taxable Municipal Bond ETF by 3,306.4% during the 4th quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock worth $2,386,000 after acquiring an additional 85,140 shares during the period. Annex Advisory Services LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $83,386,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $705,000.
Invesco Taxable Municipal Bond ETF Stock Performance
Shares of BAB opened at $26.81 on Friday. The stock has a 50-day moving average of $26.98 and a two-hundred day moving average of $27.20. Invesco Taxable Municipal Bond ETF has a one year low of $25.65 and a one year high of $27.73. The stock has a market cap of $1.03 billion, a P/E 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.
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