Truist Financial Corp Sells 50,855 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Truist Financial Corp trimmed its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,099 shares of the company’s stock after selling 50,855 shares during the quarter. Truist Financial Corp owned 0.52% of Invesco Taxable Municipal Bond ETF worth $6,462,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $45,000. IHT Wealth Management LLC acquired a new stake in Invesco Taxable Municipal Bond ETF in the third quarter valued at approximately $241,000. Kovack Advisors Inc. boosted its position in Invesco Taxable Municipal Bond ETF by 9.1% in the third quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after buying an additional 803 shares in the last quarter. Consolidated Portfolio Review Corp boosted its position in Invesco Taxable Municipal Bond ETF by 4.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock valued at $309,000 after buying an additional 450 shares in the last quarter. Finally, Commons Capital LLC acquired a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $359,000.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of Invesco Taxable Municipal Bond ETF stock opened at $26.60 on Friday. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.61 and a fifty-two week high of $28.12. The firm has a market capitalization of $1.27 billion, a P/E ratio of -199.62 and a beta of 0.22. The company’s 50 day moving average price is $26.26 and its two-hundred day moving average price is $26.85.

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.