Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Hits New 1-Year Low – Here’s Why

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $25.88 and last traded at $25.9050, with a volume of 31143 shares traded. The stock had previously closed at $25.91.

Invesco Taxable Municipal Bond ETF Trading Up 0.1%

The stock has a market capitalization of $860.24 million, a P/E ratio of -202.23 and a beta of 0.30. The firm’s fifty day moving average is $26.31 and its 200-day moving average is $26.67.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Annex Advisory Services LLC raised its position in Invesco Taxable Municipal Bond ETF by 4.8% in the 2nd quarter. Annex Advisory Services LLC now owns 3,331,378 shares of the company’s stock valued at $89,414,000 after purchasing an additional 151,384 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Invesco Taxable Municipal Bond ETF by 6.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 758,986 shares of the company’s stock worth $20,644,000 after purchasing an additional 45,701 shares in the last quarter. Gould Asset Management LLC CA grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 2.2% during the first quarter. Gould Asset Management LLC CA now owns 668,113 shares of the company’s stock worth $18,012,000 after purchasing an additional 14,255 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 8.5% during the second quarter. Tortoise Investment Management LLC now owns 464,700 shares of the company’s stock worth $12,473,000 after purchasing an additional 36,222 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Taxable Municipal Bond ETF by 8.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 314,672 shares of the company’s stock valued at $8,559,000 after buying an additional 24,954 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. 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.