Millington Financial Advisors LLC Has $262,000 Holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Millington Financial Advisors LLC lessened its holdings in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 9,726 shares of the company’s stock after selling 444 shares during the period. Millington Financial Advisors LLC’s holdings in Invesco Taxable Municipal Bond ETF were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Invesco Taxable Municipal Bond ETF during the 3rd quarter worth $31,712,000. Private Ocean LLC raised its stake in Invesco Taxable Municipal Bond ETF by 42.6% in the 4th quarter. Private Ocean LLC now owns 898,275 shares of the company’s stock worth $24,173,000 after purchasing an additional 268,246 shares in the last quarter. Schmidt P J Investment Management Inc. bought a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $5,389,000. Envestnet Asset Management Inc. grew its position in shares of Invesco Taxable Municipal Bond ETF by 33.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 744,799 shares of the company’s stock worth $18,836,000 after purchasing an additional 186,792 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 26.3% during the third quarter. Raymond James & Associates now owns 866,014 shares of the company’s stock worth $21,901,000 after purchasing an additional 180,343 shares during the period.

Invesco Taxable Municipal Bond ETF Trading Down 0.1 %

NYSEARCA BAB traded down $0.03 during midday trading on Tuesday, hitting $25.81. The company had a trading volume of 358,096 shares, compared to its average volume of 376,773. The company has a market capitalization of $1.26 billion, a PE ratio of -199.60 and a beta of 0.19. The firm has a 50-day moving average price of $26.36 and a 200-day moving average price of $26.14. Invesco Taxable Municipal Bond ETF has a twelve month low of $24.29 and a twelve month high of $27.33.

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.