PNC Financial Services Group Inc. Lowers Position in Invesco Taxable Municipal Bond ETF $BAB

PNC Financial Services Group Inc. decreased its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 13.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,073 shares of the company’s stock after selling 117,081 shares during the quarter. PNC Financial Services Group Inc. owned 2.10% of Invesco Taxable Municipal Bond ETF worth $19,501,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Maltin Wealth Management Inc. grew its position in Invesco Taxable Municipal Bond ETF by 10.2% during the second quarter. Maltin Wealth Management Inc. now owns 259,337 shares of the company’s stock valued at $6,880,000 after buying an additional 23,898 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the 2nd quarter worth about $382,000. Bank of New York Mellon Corp grew its position in shares of Invesco Taxable Municipal Bond ETF by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 367,643 shares of the company’s stock valued at $9,754,000 after acquiring an additional 9,687 shares during the period. Bank of Montreal Can increased its stake in shares of Invesco Taxable Municipal Bond ETF by 5.0% in the 2nd quarter. Bank of Montreal Can now owns 735,554 shares of the company’s stock valued at $19,514,000 after purchasing an additional 34,712 shares in the last quarter. Finally, Gould Asset Management LLC CA increased its stake in shares of Invesco Taxable Municipal Bond ETF by 7.2% in the 2nd quarter. Gould Asset Management LLC CA now owns 600,486 shares of the company’s stock valued at $15,931,000 after purchasing an additional 40,588 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Down 0.3%

Shares of BAB stock opened at $27.28 on Friday. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.59 and a 12-month high of $27.69. The business’s 50 day moving average is $27.36 and its two-hundred day moving average is $26.72. The company has a market capitalization of $1.01 billion, a P/E ratio of -202.23 and a beta of 0.32.

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.