Patten Group Inc. Reduces Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Patten Group Inc. reduced its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 15.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 92,774 shares of the company’s stock after selling 17,010 shares during the period. Patten Group Inc. owned about 0.19% of Invesco Taxable Municipal Bond ETF worth $2,426,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BAB. Spire Wealth Management purchased a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth $45,000. IHT Wealth Management LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter worth $241,000. Kovack Advisors Inc. lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 9.1% in the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after purchasing an additional 803 shares during the last quarter. Consolidated Portfolio Review Corp grew its stake in shares of Invesco Taxable Municipal Bond ETF by 4.0% in the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock valued at $309,000 after buying an additional 450 shares in the last quarter. Finally, Millington Financial Advisors LLC boosted its position in Invesco Taxable Municipal Bond ETF by 19.3% in the 4th quarter. Millington Financial Advisors LLC now owns 12,001 shares of the company’s stock valued at $316,000 after buying an additional 1,939 shares during the period.

Invesco Taxable Municipal Bond ETF Trading Up 0.6 %

Shares of NYSEARCA:BAB opened at $27.09 on Tuesday. The firm has a 50 day simple moving average of $26.32 and a 200-day simple moving average of $26.83. Invesco Taxable Municipal Bond ETF has a twelve month low of $25.61 and a twelve month high of $28.12. The company has a market capitalization of $986.08 million, a PE ratio of -206.77 and a beta of 0.31.

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.