Modern Wealth Management LLC Sells 24,938 Shares of Invesco Taxable Municipal Bond ETF $BAB

Modern Wealth Management LLC reduced its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 64.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,910 shares of the company’s stock after selling 24,938 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAB. Annex Advisory Services LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $83,386,000. Raymond James Financial Inc. boosted its position in Invesco Taxable Municipal Bond ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock valued at $40,797,000 after buying an additional 4,693 shares in the last quarter. HighTower Advisors LLC grew its stake in 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 buying an additional 68,974 shares during the last quarter. Ameriprise Financial Inc. grew its stake in 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 buying an additional 41,295 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings 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 buying an additional 32,625 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.5%

NYSEARCA:BAB opened at $26.47 on Tuesday. The firm has a 50 day moving average of $26.70 and a 200-day moving average of $26.97. Invesco Taxable Municipal Bond ETF has a 1 year low of $26.29 and a 1 year high of $27.73. The stock has a market capitalization of $1.02 billion, a P/E ratio of -202.23 and a beta of 0.29.

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.