Great Valley Advisor Group Inc. Sells 311,240 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Great Valley Advisor Group Inc. trimmed its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 93.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,885 shares of the company’s stock after selling 311,240 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $576,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter worth approximately $6,004,000. Cetera Investment Advisers grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 552.0% during the first quarter. Cetera Investment Advisers now owns 76,070 shares of the company’s stock worth $2,020,000 after purchasing an additional 64,402 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its stake in shares of Invesco Taxable Municipal Bond ETF by 10.5% in the second quarter. Astoria Portfolio Advisors LLC. now owns 78,301 shares of the company’s stock valued at $2,066,000 after buying an additional 7,470 shares in the last quarter. Anderson Hoagland & Co. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 0.5% in the second quarter. Anderson Hoagland & Co. now owns 127,804 shares of the company’s stock valued at $3,392,000 after buying an additional 595 shares during the last quarter. Finally, Maltin Wealth Management Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 130.6% during the 2nd quarter. Maltin Wealth Management Inc. now owns 131,301 shares of the company’s stock worth $3,464,000 after buying an additional 74,361 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Down 0.3 %

BAB opened at $26.81 on Wednesday. Invesco Taxable Municipal Bond ETF has a 1-year low of $25.57 and a 1-year high of $28.12. The stock has a market capitalization of $1.28 billion, a PE ratio of -199.62 and a beta of 0.22. The firm has a 50-day moving average price of $27.01 and a two-hundred day moving average price of $26.93.

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.