Tortoise Investment Management LLC Acquires 36,222 Shares of Invesco Taxable Municipal Bond ETF $BAB

Tortoise Investment Management LLC lifted its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 464,700 shares of the company’s stock after buying an additional 36,222 shares during the quarter. Tortoise Investment Management LLC owned about 1.21% of Invesco Taxable Municipal Bond ETF worth $12,473,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BAB. Jane Street Group LLC grew its stake in Invesco Taxable Municipal Bond ETF by 44.4% in the 2nd quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock valued at $15,002,000 after buying an additional 173,932 shares in the last quarter. Annex Advisory Services LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 4.8% during the 2nd quarter. Annex Advisory Services LLC now owns 3,331,378 shares of the company’s stock valued at $89,414,000 after acquiring an additional 151,384 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth $3,460,000. Bank of Montreal Can lifted its position in shares of Invesco Taxable Municipal Bond ETF by 12.9% during the third quarter. Bank of Montreal Can now owns 830,686 shares of the company’s stock worth $22,669,000 after acquiring an additional 95,132 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.8% in the fourth quarter. HighTower Advisors LLC now owns 1,510,212 shares of the company’s stock worth $41,078,000 after acquiring an additional 68,974 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of NYSEARCA BAB opened at $26.17 on Thursday. The stock has a market cap of $1.01 billion, a PE ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a fifty-two week low of $26.14 and a fifty-two week high of $27.73. The stock has a fifty day moving average of $26.45 and a 200-day moving average of $26.77.

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.