Truist Financial Corp Sells 50,855 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Truist Financial Corp reduced its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 17.1% in the 4th quarter, HoldingsChannel reports. The firm owned 247,099 shares of the company’s stock after selling 50,855 shares during the quarter. Truist Financial Corp’s holdings in Invesco Taxable Municipal Bond ETF were worth $6,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its position in shares of Invesco Taxable Municipal Bond ETF by 37.8% during the fourth quarter. Sanctuary Advisors LLC now owns 29,958 shares of the company’s stock worth $788,000 after acquiring an additional 8,223 shares in the last quarter. Rational Advisors LLC increased its position in shares of Invesco Taxable Municipal Bond ETF by 47.4% during the fourth quarter. Rational Advisors LLC now owns 528,974 shares of the company’s stock worth $13,833,000 after acquiring an additional 170,049 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $445,000. Oceanside Advisors LLC increased its position in shares of Invesco Taxable Municipal Bond ETF by 3.9% during the fourth quarter. Oceanside Advisors LLC now owns 92,472 shares of the company’s stock worth $2,418,000 after acquiring an additional 3,491 shares in the last quarter. Finally, Consolidated Portfolio Review Corp increased its position in shares of Invesco Taxable Municipal Bond ETF by 4.0% during the fourth quarter. Consolidated Portfolio Review Corp now owns 11,810 shares of the company’s stock worth $309,000 after acquiring an additional 450 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

NYSEARCA:BAB opened at $26.60 on Friday. The firm has a 50-day moving average of $26.26 and a 200-day moving average of $26.85. The company has a market cap of $1.27 billion, a PE ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a one year low of $25.61 and a one year high of $28.12.

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.