Maltin Wealth Management Inc. Sells 93,810 Shares of Invesco Taxable Municipal Bond ETF $BAB

Maltin Wealth Management Inc. cut its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 31.3% during the third quarter, Holdings Channel reports. The firm owned 206,288 shares of the company’s stock after selling 93,810 shares during the quarter. Invesco Taxable Municipal Bond ETF comprises about 1.7% of Maltin Wealth Management Inc.’s holdings, making the stock its 15th largest position. Maltin Wealth Management Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $5,219,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in Invesco Taxable Municipal Bond ETF by 22,840.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,441 shares of the company’s stock valued at $87,000 after buying an additional 3,426 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the third quarter valued at $709,000. Tortoise Investment Management LLC boosted its holdings in Invesco Taxable Municipal Bond ETF by 8.5% in the second quarter. Tortoise Investment Management LLC now owns 464,700 shares of the company’s stock valued at $12,473,000 after purchasing an additional 36,222 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the second quarter valued at $471,000. Finally, NewEdge Advisors LLC boosted its holdings in Invesco Taxable Municipal Bond ETF by 3.5% in the second quarter. NewEdge Advisors LLC now owns 50,989 shares of the company’s stock valued at $1,369,000 after purchasing an additional 1,739 shares during the period.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of NYSEARCA BAB opened at $25.43 on Wednesday. The stock’s 50-day moving average is $25.99 and its two-hundred day moving average is $26.49. Invesco Taxable Municipal Bond ETF has a 1-year low of $25.15 and a 1-year high of $27.73. The company has a market cap of $849.36 million, a price-to-earnings ratio of -202.23 and a beta of 0.30.

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.