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

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

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the first quarter worth $6,004,000. Merriman Wealth Management LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the second quarter valued at $5,843,000. Shelter Ins Retirement Plan acquired a new stake in Invesco Taxable Municipal Bond ETF during the 2nd quarter worth about $5,239,000. Rational Advisors LLC raised its stake in shares of 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 buying an additional 172,561 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 16.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,163,131 shares of the company’s stock valued at $30,683,000 after buying an additional 166,712 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Down 0.5 %

Invesco Taxable Municipal Bond ETF stock opened at $26.52 on Thursday. The business’s 50-day moving average price is $27.13 and its 200 day moving average price is $26.92. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.46 and a 52 week high of $28.12.

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.