Invesco Taxable Municipal Bond ETF $BAB Stock: Oppenheimer & Co. Inc. Lowers Stake

Oppenheimer & Co. Inc. lessened its stake in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 94.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,794 shares of the company’s stock after selling 351,472 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 8.5% in the second quarter. Tortoise Investment Management LLC now owns 464,700 shares of the company’s stock worth $12,473,000 after purchasing an additional 36,222 shares during the last quarter. Spartan Wealth Advisory Services LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the 1st quarter valued at $1,291,000. 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 buying an additional 151,384 shares during the last quarter. Cetera Investment Advisers raised its holdings in Invesco Taxable Municipal Bond ETF by 40.4% during the 1st quarter. Cetera Investment Advisers now owns 119,002 shares of the company’s stock valued at $3,208,000 after buying an additional 34,214 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB purchased a new stake in Invesco Taxable Municipal Bond ETF during the 3rd quarter valued at $709,000.

Invesco Taxable Municipal Bond ETF Stock Up 0.2%

Shares of BAB opened at $26.03 on Friday. The stock has a market capitalization of $878.51 million, a P/E ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a twelve month low of $25.15 and a twelve month high of $27.73. The firm has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $26.60.

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.