Onyx Bridge Wealth Group LLC Trims Stock Position in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Onyx Bridge Wealth Group LLC trimmed its position in shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 65.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,622 shares of the company’s stock after selling 118,917 shares during the quarter. Onyx Bridge Wealth Group LLC owned approximately 0.13% of Invesco Taxable Municipal Bond ETF worth $1,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BAB. Spire Wealth Management acquired a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $45,000. Wagner Wealth Management LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 5,708.3% during the 3rd quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock valued at $77,000 after buying an additional 2,740 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at $241,000. Kovack Advisors Inc. increased its holdings in Invesco Taxable Municipal Bond ETF by 9.1% in the 3rd quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock worth $265,000 after acquiring an additional 803 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the second quarter worth $333,000.

Invesco Taxable Municipal Bond ETF Stock Up 0.6 %

BAB stock opened at $26.54 on Thursday. Invesco Taxable Municipal Bond ETF has a 52 week low of $25.61 and a 52 week high of $28.12. The firm has a 50-day simple moving average of $26.40 and a 200-day simple moving average of $26.90. The stock has a market capitalization of $1.27 billion, a P/E ratio of -199.62 and a beta of 0.22.

Invesco Taxable Municipal Bond ETF Company 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.