Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Strong Trading Volume – Time to Buy?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw strong trading volume on Wednesday . 736,128 shares were traded during trading, an increase of 346% from the previous session’s volume of 165,005 shares.The stock last traded at $27.06 and had previously closed at $27.14.

Invesco Taxable Municipal Bond ETF Trading Up 0.4%

The firm has a fifty day moving average of $27.18 and a two-hundred day moving average of $27.26. The company has a market cap of $1.04 billion, a PE ratio of -202.23 and a beta of 0.33.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

Several large investors have recently modified their holdings of BAB. Annex Advisory Services LLC purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter valued at approximately $83,386,000. Raymond James Financial Inc. raised its holdings in Invesco Taxable Municipal Bond ETF by 0.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock valued at $40,797,000 after acquiring an additional 4,693 shares during the period. HighTower Advisors LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 4.8% during the 4th quarter. HighTower Advisors LLC now owns 1,510,212 shares of the company’s stock valued at $41,078,000 after acquiring an additional 68,974 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Invesco Taxable Municipal Bond ETF by 3.5% during 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 in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Invesco Taxable Municipal Bond ETF by 3.0% during the third quarter. Bank of America Corp DE now owns 1,134,058 shares of the company’s stock worth $30,948,000 after acquiring an additional 32,625 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.