Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 78.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 357,956 shares of the company’s stock after selling 1,310,214 shares during the period. Bank of New York Mellon Corp owned 0.98% of Invesco Taxable Municipal Bond ETF worth $9,550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BAB. Opal Wealth Advisors LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF during the first quarter worth $38,000. Chapman Financial Group LLC acquired a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at approximately $71,000. Atlas Capital Advisors Inc. bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter valued at $187,000. FORM Wealth Advisors LLC bought a new position in Invesco Taxable Municipal Bond ETF during the first quarter worth $258,000. Finally, Progressive Investment Management Corp boosted its stake in Invesco Taxable Municipal Bond ETF by 47.0% during the fourth quarter. Progressive Investment Management Corp now owns 12,181 shares of the company’s stock worth $319,000 after acquiring an additional 3,894 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of BAB opened at $26.30 on Tuesday. The firm has a 50 day moving average price of $26.20 and a 200-day moving average price of $26.33. The firm has a market cap of $920.50 million, a price-to-earnings ratio of -202.23 and a beta of 0.18. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.60 and a fifty-two week high of $28.12.

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.