Sequent Planning LLC Reduces Stock Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Sequent Planning LLC cut its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 5.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,225 shares of the company’s stock after selling 452 shares during the quarter. Sequent Planning LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $215,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BAB. Consolidated Portfolio Review Corp increased its stake in shares of Invesco Taxable Municipal Bond ETF by 4.0% during the 4th quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after purchasing an additional 450 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 3.7% during the 4th quarter. Park Avenue Securities LLC now owns 19,776 shares of the company’s stock worth $517,000 after purchasing an additional 708 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 1.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 77,776 shares of the company’s stock worth $2,042,000 after purchasing an additional 744 shares in the last quarter. Centric Wealth Management increased its stake in shares of Invesco Taxable Municipal Bond ETF by 5.0% during the 3rd quarter. Centric Wealth Management now owns 20,596 shares of the company’s stock worth $547,000 after purchasing an additional 978 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth approximately $30,000.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of BAB opened at $26.77 on Monday. The firm has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $26.77. Invesco Taxable Municipal Bond ETF has a 1-year low of $25.61 and a 1-year high of $28.12. The stock has a market cap of $974.43 million, a price-to-earnings ratio of -204.92 and a beta of 0.34.

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.