StoneX Group Inc. lowered its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Free Report) by 92.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,159 shares of the company’s stock after selling 131,721 shares during the quarter. StoneX Group Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $286,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Latitude Advisors LLC acquired a new position in Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at $40,000. Gill Capital Partners LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the 2nd quarter valued at $46,000. Western Wealth Management LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the 1st quarter valued at $78,000. Farther Finance Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 22,840.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,441 shares of the company’s stock valued at $87,000 after acquiring an additional 3,426 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the 3rd quarter worth $138,000.
Invesco Taxable Municipal Bond ETF Stock Down 0.2%
Shares of BAB traded down $0.05 during trading hours on Friday, hitting $25.50. 98,864 shares of the company were exchanged, compared to its average volume of 246,946. The company has a market cap of $864.45 million, a price-to-earnings ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $25.15 and a fifty-two week high of $27.73. The firm’s fifty day moving average is $25.72 and its 200 day moving average is $26.56.
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. 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.
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