Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $26.29 and last traded at $26.30, with a volume of 17990 shares. The stock had previously closed at $26.37.
Invesco Taxable Municipal Bond ETF Trading Down 0.4%
The company has a 50 day simple moving average of $26.70 and a 200 day simple moving average of $26.95. The stock has a market capitalization of $1.01 billion, a PE ratio of -202.23 and a beta of 0.29.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC raised its position in Invesco Taxable Municipal Bond ETF by 3,306.4% during the 4th quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock worth $2,386,000 after buying an additional 85,140 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at about $83,386,000. Patten Group Inc. boosted its holdings in Invesco Taxable Municipal Bond ETF by 22.0% in the 4th quarter. Patten Group Inc. now owns 104,654 shares of the company’s stock valued at $2,847,000 after purchasing an additional 18,899 shares in the last quarter. Capstone Capital LLC raised its stake in shares of Invesco Taxable Municipal Bond ETF by 1,077.3% during the 4th quarter. Capstone Capital LLC now owns 23,652 shares of the company’s stock worth $643,000 after buying an additional 21,643 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 5.7% in the 4th quarter. Tortoise Investment Management LLC now owns 415,867 shares of the company’s stock valued at $11,312,000 after buying an additional 22,481 shares during the period.
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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.
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