PNC Financial Services Group Inc. Trims Stock Holdings in Invesco Taxable Municipal Bond ETF $BAB

PNC Financial Services Group Inc. reduced its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 6.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 666,923 shares of the company’s stock after selling 48,721 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Taxable Municipal Bond ETF were worth $18,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chapman Financial Group LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 1,212.5% in the 3rd quarter. Chapman Financial Group LLC now owns 21,000 shares of the company’s stock valued at $573,000 after buying an additional 19,400 shares during the period. AE Wealth Management LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 3,306.4% in the 4th quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock valued at $2,386,000 after buying an additional 85,140 shares during the period. Capstone Capital LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 1,077.3% in the 4th quarter. Capstone Capital LLC now owns 23,652 shares of the company’s stock valued at $643,000 after buying an additional 21,643 shares during the period. Patten Group Inc. raised its holdings in Invesco Taxable Municipal Bond ETF by 22.0% in the 4th quarter. Patten Group Inc. now owns 104,654 shares of the company’s stock valued at $2,847,000 after buying an additional 18,899 shares during the period. Finally, Annex Advisory Services LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $83,386,000.

Invesco Taxable Municipal Bond ETF Trading Up 0.3%

Shares of BAB opened at $26.55 on Friday. The firm has a market cap of $1.02 billion, a P/E ratio of -202.23 and a beta of 0.30. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.75 and a 12-month high of $27.73. The company’s 50-day moving average price is $26.87 and its 200 day moving average price is $27.16.

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.