Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Hits New 52-Week Low – Should You Sell?

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) reached a new 52-week low on Friday . The stock traded as low as $25.60 and last traded at $25.66, with a volume of 33223 shares traded. The stock had previously closed at $25.69.

Invesco Taxable Municipal Bond ETF Price Performance

The firm has a market capitalization of $941.09 million, a PE ratio of -205.54 and a beta of 0.30. The business’s 50 day moving average is $26.57 and its two-hundred day moving average is $26.62.

Invesco Taxable Municipal Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.0927 dividend. This is a positive change from Invesco Taxable Municipal Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. purchased a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth approximately $30,000. Spire Wealth Management purchased a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth $45,000. Chapman Financial Group LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter worth $71,000. Atlas Capital Advisors Inc. bought a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter worth $187,000. Finally, GWN Securities Inc. purchased a new stake in Invesco Taxable Municipal Bond ETF during the fourth quarter valued at about $213,000.

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.