Prime Capital Investment Advisors LLC Cuts Position in Invesco Taxable Municipal Bond ETF $BAB

Prime Capital Investment Advisors LLC decreased its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 27.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 9,890 shares of the company’s stock after selling 3,675 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BAB. Opal Wealth Advisors LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the first quarter valued at approximately $38,000. Janney Montgomery Scott LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the first quarter valued at approximately $774,000. Cambridge Investment Research Advisors Inc. raised its holdings in 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 buying an additional 3,336 shares during the period. FORM Wealth Advisors LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the first quarter valued at approximately $258,000. Finally, White Pine Investment CO raised its holdings in Invesco Taxable Municipal Bond ETF by 8.1% in the first quarter. White Pine Investment CO now owns 120,964 shares of the company’s stock valued at $3,227,000 after buying an additional 9,063 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

NYSEARCA BAB opened at $27.38 on Monday. Invesco Taxable Municipal Bond ETF has a one year low of $25.59 and a one year high of $27.54. The company’s 50 day moving average price is $26.99 and its 200 day moving average price is $26.51. The firm has a market capitalization of $937.77 million, a price-to-earnings ratio of -202.23 and a beta of 0.18.

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.