Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Get Free Report) saw an uptick in trading volume on Tuesday . 1,643,475 shares changed hands during trading, an increase of 751% from the previous session’s volume of 193,221 shares.The stock last traded at $26.34 and had previously closed at $26.34.
Invesco Taxable Municipal Bond ETF Stock Performance
The firm’s 50-day moving average is $26.63 and its 200 day moving average is $26.88. The stock has a market cap of $1.01 billion, a PE ratio of -202.23 and a beta of 0.29.
Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF
Hedge funds have recently made changes to their positions in the business. Sarver Vrooman Wealth Advisors acquired a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the 4th quarter worth approximately $32,000. Chapman Financial Group LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the 2nd quarter worth approximately $42,000. Western Wealth Management LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter valued at approximately $78,000. Finally, IFP Advisors Inc increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 26.6% in the fourth quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock valued at $95,000 after purchasing an additional 736 shares during the period.
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. 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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