Quartz Partners LLC Lowers Stock Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Quartz Partners LLC trimmed its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,958 shares of the company’s stock after selling 746 shares during the period. Quartz Partners LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $234,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management purchased a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter worth $45,000. IHT Wealth Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter worth $241,000. Kovack Advisors Inc. increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 9.1% in the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after purchasing an additional 803 shares in the last quarter. Consolidated Portfolio Review Corp lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 4.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock valued at $309,000 after purchasing an additional 450 shares during the period. Finally, Commons Capital LLC purchased a new stake in Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $359,000.

Invesco Taxable Municipal Bond ETF Trading Up 0.7 %

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.60 on Monday. The company has a 50-day moving average of $26.26 and a two-hundred day moving average of $26.85. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.61 and a 12-month high of $28.12. The stock has a market cap of $1.27 billion, a PE ratio of -199.62 and a beta of 0.22.

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.