Private Trust Co. NA Trims Stock Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Private Trust Co. NA decreased its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 9.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,229 shares of the company’s stock after selling 1,109 shares during the quarter. Private Trust Co. NA’s holdings in Invesco Taxable Municipal Bond ETF were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Consolidated Portfolio Review Corp lifted its holdings in 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 acquiring an additional 450 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 3.7% during the 4th quarter. Park Avenue Securities LLC now owns 19,776 shares of the company’s stock valued at $517,000 after purchasing an additional 708 shares in the last quarter. Kovack Advisors Inc. lifted its stake 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 during the period. Centric Wealth Management boosted its holdings in Invesco Taxable Municipal Bond ETF by 5.0% during the third quarter. Centric Wealth Management now owns 20,596 shares of the company’s stock worth $547,000 after buying an additional 978 shares in the last quarter. Finally, Tidal Investments LLC grew its position in Invesco Taxable Municipal Bond ETF by 4.8% during the third quarter. Tidal Investments LLC now owns 35,694 shares of the company’s stock valued at $984,000 after buying an additional 1,650 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

BAB opened at $27.09 on Tuesday. The company has a fifty day moving average of $26.32 and a two-hundred day moving average of $26.83. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.61 and a fifty-two week high of $28.12. The stock has a market capitalization of $986.08 million, a price-to-earnings ratio of -206.77 and a beta of 0.31.

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.