Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Get Free Report)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $26.21 and last traded at $26.22, with a volume of 106317 shares changing hands. The stock had previously closed at $26.29.
Invesco Taxable Municipal Bond ETF Stock Performance
The stock has a market cap of $1.01 billion, a P/E ratio of -202.23 and a beta of 0.29. The firm’s 50 day moving average is $26.54 and its 200 day moving average is $26.83.
Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF
A number of large investors have recently made changes to their positions in the business. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter valued at $26,000. Root Financial Partners LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the 4th quarter valued at about $32,000. Chapman Financial Group LLC acquired a new position in Invesco Taxable Municipal Bond ETF during the 2nd quarter valued at about $42,000. Gill Capital Partners LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the second quarter valued at about $46,000. Finally, Western Wealth Management LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the first quarter valued at about $78,000.
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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