Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Large Volume Increase

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw an uptick in trading volume on Tuesday . 225,407 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 374,996 shares.The stock last traded at $25.87 and had previously closed at $25.84.

Invesco Taxable Municipal Bond ETF Trading Down 0.3 %

The company has a 50-day simple moving average of $26.33 and a 200 day simple moving average of $26.15. The company has a market cap of $1.25 billion, a P/E ratio of -199.60 and a beta of 0.19.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Eagle Bluffs Wealth Management LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 23.2% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 131,420 shares of the company’s stock worth $3,537,000 after buying an additional 24,756 shares in the last quarter. United Asset Strategies Inc. grew its position in shares of Invesco Taxable Municipal Bond ETF by 2.3% during the 3rd quarter. United Asset Strategies Inc. now owns 63,467 shares of the company’s stock worth $1,605,000 after buying an additional 1,406 shares in the last quarter. Allworth Financial LP bought a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth $51,000. KG&L Capital Management LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 3.4% during the 4th quarter. KG&L Capital Management LLC now owns 60,641 shares of the company’s stock worth $1,632,000 after buying an additional 1,984 shares in the last quarter. Finally, Advisory Alpha LLC grew its position in shares of Invesco Taxable Municipal Bond ETF by 16.1% during the 4th quarter. Advisory Alpha LLC now owns 75,487 shares of the company’s stock worth $2,031,000 after buying an additional 10,442 shares in 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.