Tortoise Investment Management LLC Buys 20,661 Shares of Invesco Taxable Municipal Bond ETF $BAB

Tortoise Investment Management LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 485,361 shares of the company’s stock after buying an additional 20,661 shares during the period. Tortoise Investment Management LLC owned 1.44% of Invesco Taxable Municipal Bond ETF worth $12,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Annex Advisory Services LLC raised its position in shares of 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 buying an additional 151,384 shares during the period. Gould Asset Management LLC CA grew its position in Invesco Taxable Municipal Bond ETF by 2.2% during the first quarter. Gould Asset Management LLC CA now owns 668,113 shares of the company’s stock valued at $18,012,000 after acquiring an additional 14,255 shares during the period. NewEdge Wealth LLC grew its position in Invesco Taxable Municipal Bond ETF by 5.2% during the first quarter. NewEdge Wealth LLC now owns 257,158 shares of the company’s stock valued at $6,933,000 after acquiring an additional 12,776 shares during the period. Hobbs Group Advisors LLC increased its stake in Invesco Taxable Municipal Bond ETF by 1.0% during the first quarter. Hobbs Group Advisors LLC now owns 185,198 shares of the company’s stock worth $4,993,000 after acquiring an additional 1,854 shares during the last quarter. Finally, Keybank National Association OH purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter worth about $4,378,000.

Invesco Taxable Municipal Bond ETF Stock Performance

BAB opened at $25.55 on Friday. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.15 and a 1 year high of $27.73. The firm has a 50 day moving average price of $25.74 and a 200 day moving average price of $26.56. The company has a market cap of $866.14 million, a PE 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.