Joseph P. Lucia & Associates LLC Lowers Stock Holdings in Invesco Taxable Municipal Bond ETF $BAB

Joseph P. Lucia & Associates LLC trimmed its position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,840 shares of the company’s stock after selling 1,067 shares during the quarter. Joseph P. Lucia & Associates LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BAB. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF in the first quarter worth about $774,000. Cambridge Investment Research Advisors Inc. raised its stake in Invesco Taxable Municipal Bond ETF by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,602 shares of the company’s stock valued at $1,537,000 after purchasing an additional 3,336 shares in the last quarter. FORM Wealth Advisors LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the first quarter valued at approximately $258,000. White Pine Investment CO raised its stake in Invesco Taxable Municipal Bond ETF by 8.1% in the first quarter. White Pine Investment CO now owns 120,964 shares of the company’s stock valued at $3,227,000 after purchasing an additional 9,063 shares in the last quarter. Finally, KG&L Capital Management LLC raised its stake in Invesco Taxable Municipal Bond ETF by 2.7% in the first quarter. KG&L Capital Management LLC now owns 68,781 shares of the company’s stock valued at $1,835,000 after purchasing an additional 1,834 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of BAB opened at $27.55 on Friday. The firm’s 50 day simple moving average is $27.06 and its 200 day simple moving average is $26.54. The company has a market capitalization of $946.34 million, a P/E ratio of -202.23 and a beta of 0.18. Invesco Taxable Municipal Bond ETF has a 1-year low of $25.59 and a 1-year high of $27.64.

Invesco Taxable Municipal Bond ETF 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.