Tortoise Investment Management LLC Buys 22,481 Shares of Invesco Taxable Municipal Bond ETF $BAB

Tortoise Investment Management LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 415,867 shares of the company’s stock after purchasing an additional 22,481 shares during the period. Tortoise Investment Management LLC owned approximately 1.07% of Invesco Taxable Municipal Bond ETF worth $11,312,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BAB. Chapman Financial Group LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the second quarter worth about $42,000. AE Wealth Management LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 1,726.2% in the third quarter. AE Wealth Management LLC now owns 2,575 shares of the company’s stock worth $70,000 after buying an additional 2,434 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $105,000. WealthShield Partners LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the third quarter valued at approximately $116,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the third quarter valued at approximately $147,000.

Invesco Taxable Municipal Bond ETF Trading Down 0.3%

Shares of NYSEARCA BAB opened at $26.45 on Tuesday. The firm has a 50 day moving average of $26.94 and a 200 day moving average of $27.18. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.65 and a 12-month high of $27.73.

Invesco Taxable Municipal Bond ETF Company 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.