PNC Financial Services Group Inc. Cuts Stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

PNC Financial Services Group Inc. cut its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,056,504 shares of the company’s stock after selling 44,316 shares during the quarter. PNC Financial Services Group Inc. owned approximately 2.21% of Invesco Taxable Municipal Bond ETF worth $29,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAB. Bank of New York Mellon Corp lifted its position in shares of Invesco Taxable Municipal Bond ETF by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,602,854 shares of the company’s stock worth $42,283,000 after purchasing an additional 25,979 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Invesco Taxable Municipal Bond ETF by 16.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,163,131 shares of the company’s stock worth $30,683,000 after buying an additional 166,712 shares in the last quarter. Bank of Montreal Can raised its stake in Invesco Taxable Municipal Bond ETF by 1.6% in the second quarter. Bank of Montreal Can now owns 534,725 shares of the company’s stock worth $14,277,000 after buying an additional 8,260 shares in the last quarter. Bangor Savings Bank lifted its holdings in Invesco Taxable Municipal Bond ETF by 2.6% during the third quarter. Bangor Savings Bank now owns 490,126 shares of the company’s stock worth $13,513,000 after buying an additional 12,600 shares during the period. Finally, Rational Advisors LLC boosted its position in Invesco Taxable Municipal Bond ETF by 92.6% during the 3rd quarter. Rational Advisors LLC now owns 358,925 shares of the company’s stock valued at $9,896,000 after acquiring an additional 172,561 shares in the last quarter.

Invesco Taxable Municipal Bond ETF Trading Down 0.5 %

Shares of NYSEARCA:BAB opened at $26.52 on Thursday. The company has a market capitalization of $1.27 billion, a PE ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a 12-month low of $25.46 and a 12-month high of $28.12. The business’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $26.92.

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.