Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Strong Trading Volume

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-high trading volume on Monday . Approximately 547,600 shares were traded during trading, an increase of 54% from the previous session’s volume of 355,418 shares.The stock last traded at $26.12 and had previously closed at $26.38.

Invesco Taxable Municipal Bond ETF Stock Down 0.9 %

The stock’s fifty day moving average price is $26.31 and its two-hundred day moving average price is $26.47. The company has a market capitalization of $1.25 billion, a PE ratio of -199.62 and a beta of 0.22.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of BAB. Ameriprise Financial Inc. lifted its holdings in Invesco Taxable Municipal Bond ETF by 8.1% in the third quarter. Ameriprise Financial Inc. now owns 2,147,224 shares of the company’s stock worth $54,290,000 after buying an additional 161,349 shares during the period. Baker Avenue Asset Management LP lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 1,695.6% during the third quarter. Baker Avenue Asset Management LP now owns 78,881 shares of the company’s stock valued at $1,995,000 after purchasing an additional 74,488 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 5.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 14,606 shares of the company’s stock valued at $393,000 after purchasing an additional 728 shares during the last quarter. Signature Wealth Management Group purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at approximately $2,056,000. Finally, Patten Group Inc. lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 8.0% during the fourth quarter. Patten Group Inc. now owns 114,775 shares of the company’s stock valued at $3,089,000 after purchasing an additional 8,537 shares during the last quarter.

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.