Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Hits New 52-Week Low – Here’s Why

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $26.21 and last traded at $26.22, with a volume of 106317 shares traded. The stock had previously closed at $26.29.

Invesco Taxable Municipal Bond ETF Stock Down 0.3%

The stock has a market cap of $1.01 billion, a P/E ratio of -202.23 and a beta of 0.29. The company’s 50 day moving average price is $26.54 and its two-hundred day moving average price is $26.83.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of BAB. Creative Planning bought a new position in shares of Invesco Taxable Municipal Bond ETF during the 2nd quarter worth $215,000. NewEdge Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 6.5% in the second quarter. NewEdge Advisors LLC now owns 57,685 shares of the company’s stock valued at $1,530,000 after acquiring an additional 3,533 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Invesco Taxable Municipal Bond ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock worth $40,797,000 after acquiring an additional 4,693 shares during the period. Jane Street Group LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 44.4% in the second quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock worth $15,002,000 after acquiring an additional 173,932 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Invesco Taxable Municipal Bond ETF by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock worth $32,114,000 after acquiring an additional 41,295 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.