Wealthspire Advisors LLC Sells 28,197 Shares of Invesco Taxable Municipal Bond ETF $BAB

Wealthspire Advisors LLC lessened its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 11.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 216,111 shares of the company’s stock after selling 28,197 shares during the period. Wealthspire Advisors LLC owned 0.62% of Invesco Taxable Municipal Bond ETF worth $5,733,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BAB. Tortoise Investment Management LLC raised its stake in shares of Invesco Taxable Municipal Bond ETF by 52.9% during the first quarter. Tortoise Investment Management LLC now owns 389,790 shares of the company’s stock valued at $10,400,000 after acquiring an additional 134,887 shares during the last quarter. HighTower Advisors LLC increased its holdings in Invesco Taxable Municipal Bond ETF by 9.2% during the 1st quarter. HighTower Advisors LLC now owns 1,270,735 shares of the company’s stock valued at $33,903,000 after purchasing an additional 106,775 shares during the period. Hobbs Group Advisors LLC increased its holdings in Invesco Taxable Municipal Bond ETF by 34.2% during the 2nd quarter. Hobbs Group Advisors LLC now owns 170,650 shares of the company’s stock valued at $4,527,000 after purchasing an additional 43,466 shares during the period. Gould Asset Management LLC CA lifted its holdings in Invesco Taxable Municipal Bond ETF by 7.2% in the 2nd quarter. Gould Asset Management LLC CA now owns 600,486 shares of the company’s stock worth $15,931,000 after buying an additional 40,588 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Invesco Taxable Municipal Bond ETF by 5.0% in the 2nd quarter. Bank of Montreal Can now owns 735,554 shares of the company’s stock worth $19,514,000 after buying an additional 34,712 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

BAB opened at $27.44 on Wednesday. Invesco Taxable Municipal Bond ETF has a 52-week low of $25.59 and a 52-week high of $27.69. The stock has a market capitalization of $1.01 billion, a PE ratio of -202.23 and a beta of 0.32. The stock’s 50 day moving average price is $27.36 and its 200-day moving average price is $26.73.

About Invesco Taxable Municipal Bond ETF

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.