Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. cut its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 76.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,166 shares of the company’s stock after selling 49,005 shares during the period. Exchange Capital Management Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BAB. Private Advisor Group LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 1.9% in the third quarter. Private Advisor Group LLC now owns 87,772 shares of the company’s stock valued at $2,420,000 after acquiring an additional 1,648 shares in the last quarter. Petra Financial Advisors Inc. raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 2.4% during the third quarter. Petra Financial Advisors Inc. now owns 58,356 shares of the company’s stock worth $1,609,000 after purchasing an additional 1,348 shares during the period. Oceanside Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 0.8% during the third quarter. Oceanside Advisors LLC now owns 88,981 shares of the company’s stock worth $2,453,000 after purchasing an additional 672 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 5.4% during the third quarter. Farther Finance Advisors LLC now owns 34,368 shares of the company’s stock worth $948,000 after purchasing an additional 1,770 shares during the period. Finally, White Pine Investment CO raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 7.4% during the third quarter. White Pine Investment CO now owns 105,011 shares of the company’s stock worth $2,895,000 after purchasing an additional 7,228 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of NYSEARCA:BAB opened at $26.73 on Wednesday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a 1-year low of $25.61 and a 1-year high of $28.12. The company’s fifty day moving average is $26.26 and its two-hundred day moving average is $26.85.

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.