Invesco Taxable Municipal Bond ETF $BAB Stock: Tortoise Investment Management LLC Increases Holdings

Tortoise Investment Management LLC raised its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 4.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 485,361 shares of the company’s stock after acquiring an additional 20,661 shares during the quarter. Tortoise Investment Management LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $12,280,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BAB. Annex Advisory Services LLC lifted its position in Invesco Taxable Municipal Bond ETF by 4.8% during the 2nd quarter. Annex Advisory Services LLC now owns 3,331,378 shares of the company’s stock worth $89,414,000 after acquiring an additional 151,384 shares in the last quarter. Gould Asset Management LLC CA boosted its holdings in Invesco Taxable Municipal Bond ETF by 2.2% in the 1st quarter. Gould Asset Management LLC CA now owns 668,113 shares of the company’s stock worth $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% in 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 in the last quarter. Hobbs Group Advisors LLC grew its position in Invesco Taxable Municipal Bond ETF by 1.0% in the first quarter. Hobbs Group Advisors LLC now owns 185,198 shares of the company’s stock valued at $4,993,000 after acquiring an additional 1,854 shares in the last quarter. Finally, Keybank National Association OH acquired a new stake in Invesco Taxable Municipal Bond ETF in the third quarter valued at approximately $4,378,000.

Invesco Taxable Municipal Bond ETF Stock Down 0.8%

BAB opened at $25.55 on Friday. The firm has a market capitalization of $866.14 million, a P/E ratio of -202.23 and a beta of 0.30. The firm’s 50 day moving average is $25.74 and its 200-day moving average is $26.56. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.15 and a 52-week high of $27.73.

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.