Beacon Pointe Advisors LLC Sells 3,275 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Beacon Pointe Advisors LLC reduced its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,960 shares of the company’s stock after selling 3,275 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First United Bank & Trust acquired a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $31,000. Baystate Wealth Management LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $40,000. Global Retirement Partners LLC raised its stake in Invesco Taxable Municipal Bond ETF by 34.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,711 shares of the company’s stock worth $46,000 after acquiring an additional 440 shares in the last quarter. Allworth Financial LP acquired a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $51,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $68,000.

Invesco Taxable Municipal Bond ETF Price Performance

Invesco Taxable Municipal Bond ETF stock opened at $26.24 on Monday. The stock has a fifty day moving average price of $26.16 and a two-hundred day moving average price of $26.35. Invesco Taxable Municipal Bond ETF has a 52-week low of $24.29 and a 52-week high of $27.33. The firm has a market capitalization of $1.26 billion, a P/E ratio of -199.62 and a beta of 0.22.

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.