Northwestern Mutual Wealth Management Co. Has $2.94 Million Holdings in Invesco Taxable Municipal Bond ETF $BAB

Northwestern Mutual Wealth Management Co. cut its holdings in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 62.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 107,925 shares of the company’s stock after selling 181,793 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Taxable Municipal Bond ETF were worth $2,936,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Annex Advisory Services LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $83,386,000. Raymond James Financial Inc. increased its stake in shares of Invesco Taxable Municipal Bond ETF by 0.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock valued at $40,797,000 after acquiring an additional 4,693 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,441,238 shares of the company’s stock valued at $39,331,000 after acquiring an additional 121,880 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Invesco Taxable Municipal Bond ETF by 3.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock valued at $32,114,000 after acquiring an additional 41,295 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Invesco Taxable Municipal Bond ETF by 3.0% in the 3rd quarter. Bank of America Corp DE now owns 1,134,058 shares of the company’s stock valued at $30,948,000 after acquiring an additional 32,625 shares during the last quarter.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of BAB stock opened at $26.55 on Tuesday. The stock has a market cap of $1.02 billion, a PE ratio of -202.23 and a beta of 0.30. The stock has a 50-day moving average of $26.86 and a 200-day moving average of $27.15. Invesco Taxable Municipal Bond ETF has a one year low of $25.75 and a one year high of $27.73.

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. 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.