Envestnet Asset Management Inc. Has $22.35 Million Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Envestnet Asset Management Inc. cut its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 27.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 837,556 shares of the company’s stock after selling 320,262 shares during the quarter. Envestnet Asset Management Inc. owned about 2.30% of Invesco Taxable Municipal Bond ETF worth $22,346,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BAB. Cambridge Investment Research Advisors Inc. raised its stake in shares of Invesco Taxable Municipal Bond ETF by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,602 shares of the company’s stock valued at $1,537,000 after purchasing an additional 3,336 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the first quarter valued at $774,000. Cetera Investment Advisers grew its position in Invesco Taxable Municipal Bond ETF by 12.5% in the fourth quarter. Cetera Investment Advisers now owns 87,598 shares of the company’s stock valued at $2,291,000 after acquiring an additional 9,734 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Invesco Taxable Municipal Bond ETF by 21.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,534 shares of the company’s stock valued at $354,000 after acquiring an additional 2,378 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. grew its position in Invesco Taxable Municipal Bond ETF by 1.0% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 751,977 shares of the company’s stock valued at $19,664,000 after acquiring an additional 7,347 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB stock opened at $26.15 on Wednesday. The stock’s fifty day moving average is $26.21 and its 200-day moving average is $26.32. The stock has a market capitalization of $915.25 million, a PE ratio of -202.23 and a beta of 0.18. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.60 and a 52 week high of $28.12.

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.