Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $26.14 and last traded at $26.1550, with a volume of 98879 shares traded. The stock had previously closed at $26.26.
Invesco Taxable Municipal Bond ETF Stock Performance
The stock’s fifty day moving average price is $26.43 and its two-hundred day moving average price is $26.76. The company has a market cap of $999.70 million, a P/E ratio of -202.23 and a beta of 0.30.
Institutional Trading of Invesco Taxable Municipal Bond ETF
Several institutional investors have recently added to or reduced their stakes in BAB. Jane Street Group LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 44.4% during the second quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock worth $15,002,000 after buying an additional 173,932 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF by 4.8% in the 2nd quarter. Annex Advisory Services LLC now owns 3,331,378 shares of the company’s stock worth $89,414,000 after acquiring an additional 151,384 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth $3,460,000. Bank of Montreal Can raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 12.9% in the third quarter. Bank of Montreal Can now owns 830,686 shares of the company’s stock valued at $22,669,000 after purchasing an additional 95,132 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.8% in the fourth quarter. HighTower Advisors LLC now owns 1,510,212 shares of the company’s stock valued at $41,078,000 after purchasing an additional 68,974 shares during the last quarter.
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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