Joseph P. Lucia & Associates LLC Reduces Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Joseph P. Lucia & Associates LLC reduced its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 9.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,400 shares of the company’s stock after selling 2,005 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 121.4% in the third quarter. Kingsview Wealth Management LLC now owns 469,941 shares of the company’s stock worth $12,956,000 after buying an additional 257,701 shares during the period. Rational Advisors LLC grew its holdings in Invesco Taxable Municipal Bond ETF by 92.6% in the 3rd quarter. Rational Advisors LLC now owns 358,925 shares of the company’s stock worth $9,896,000 after acquiring an additional 172,561 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of Invesco Taxable Municipal Bond ETF by 176.4% in the third quarter. Onyx Bridge Wealth Group LLC now owns 182,539 shares of the company’s stock valued at $5,033,000 after acquiring an additional 116,500 shares during the period. MML Investors Services LLC raised its stake in shares of Invesco Taxable Municipal Bond ETF by 92.5% during the third quarter. MML Investors Services LLC now owns 220,894 shares of the company’s stock valued at $6,090,000 after acquiring an additional 106,123 shares during the last quarter. Finally, Hudson Capital Management LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the third quarter worth about $2,832,000.

Invesco Taxable Municipal Bond ETF Price Performance

Shares of NYSEARCA:BAB opened at $26.33 on Tuesday. Invesco Taxable Municipal Bond ETF has a 1 year low of $25.61 and a 1 year high of $28.12. The stock’s 50-day moving average is $26.44 and its 200 day moving average is $26.92. The company has a market cap of $1.26 billion, a PE ratio of -199.62 and a beta of 0.22.

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.