PNC Financial Services Group Inc. Decreases Stock Holdings in Invesco Taxable Municipal Bond ETF $BAB

PNC Financial Services Group Inc. lowered its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 10.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 596,314 shares of the company’s stock after selling 70,609 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $16,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BAB. AE Wealth Management LLC increased its stake in Invesco Taxable Municipal Bond ETF by 3,306.4% during the fourth quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock worth $2,386,000 after acquiring an additional 85,140 shares during the last quarter. Annex Advisory Services LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at $83,386,000. Capstone Capital LLC raised its stake in shares of Invesco Taxable Municipal Bond ETF by 1,077.3% in the fourth quarter. Capstone Capital LLC now owns 23,652 shares of the company’s stock valued at $643,000 after acquiring an additional 21,643 shares during the period. Patten Group Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 22.0% in the 4th quarter. Patten Group Inc. now owns 104,654 shares of the company’s stock worth $2,847,000 after acquiring an additional 18,899 shares during the last quarter. Finally, Maltin Wealth Management Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 10.5% in the 4th quarter. Maltin Wealth Management Inc. now owns 280,336 shares of the company’s stock worth $7,625,000 after acquiring an additional 26,706 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Trading Up 0.1%

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

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. 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.