Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Reaches New 1-Year High at $27.43

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)’s stock price hit a new 52-week high on Friday . The stock traded as high as $27.43 and last traded at $27.40, with a volume of 48570 shares changing hands. The stock had previously closed at $27.06.

Invesco Taxable Municipal Bond ETF Trading Up 1.5 %

The stock has a market capitalization of $1.32 billion, a P/E ratio of -199.62 and a beta of 0.22. The company’s 50-day moving average is $26.59 and its two-hundred day moving average is $26.45.

Institutional Trading of Invesco Taxable Municipal Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BAB. Global Retirement Partners LLC raised its position in shares of Invesco Taxable Municipal Bond ETF by 34.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,711 shares of the company’s stock worth $46,000 after buying an additional 440 shares in the last quarter. Advisory Alpha LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF by 16.1% in the 4th quarter. Advisory Alpha LLC now owns 75,487 shares of the company’s stock worth $2,031,000 after purchasing an additional 10,442 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $2,339,000. Allworth Financial LP purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter worth approximately $51,000. Finally, Smith Salley & Associates increased its position in shares of Invesco Taxable Municipal Bond ETF by 2.6% in the fourth quarter. Smith Salley & Associates now owns 141,908 shares of the company’s stock worth $3,818,000 after acquiring an additional 3,631 shares in 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.