PNC Financial Services Group Inc. Sells 70,609 Shares of Invesco Taxable Municipal Bond ETF $BAB

PNC Financial Services Group Inc. reduced its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 596,314 shares of the company’s stock after selling 70,609 shares during the period. PNC Financial Services Group Inc. owned approximately 1.55% of Invesco Taxable Municipal Bond ETF worth $16,077,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BAB. Annex Advisory Services LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at about $83,386,000. Raymond James Financial Inc. increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock worth $40,797,000 after purchasing an additional 4,693 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 4.8% in the fourth quarter. HighTower Advisors LLC now owns 1,510,212 shares of the company’s stock worth $41,078,000 after buying an additional 68,974 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock worth $32,114,000 after buying an additional 41,295 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Invesco Taxable Municipal Bond ETF by 3.0% in the third quarter. Bank of America Corp DE now owns 1,134,058 shares of the company’s stock worth $30,948,000 after buying an additional 32,625 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.1%

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.34 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of -202.23 and a beta of 0.29. The stock has a 50 day moving average of $26.70 and a 200 day moving average of $26.98. Invesco Taxable Municipal Bond ETF has a 12 month low of $26.29 and a 12 month high of $27.73.

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. 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.