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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) hit a new 52-week low on Friday . The stock traded as low as $26.29 and last traded at $26.30, with a volume of 17990 shares traded. The stock had previously closed at $26.37.

Invesco Taxable Municipal Bond ETF Price Performance

The firm has a 50 day moving average of $26.70 and a two-hundred day moving average of $26.95. The stock has a market cap of $1.01 billion, a PE ratio of -202.23 and a beta of 0.29.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Several institutional investors have recently modified their holdings of BAB. Annex Advisory Services LLC grew its position in shares of 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 buying an additional 151,384 shares during the last quarter. Hobbs Group Advisors LLC lifted its position in Invesco Taxable Municipal Bond ETF by 1.0% in the first quarter. Hobbs Group Advisors LLC now owns 185,198 shares of the company’s stock valued at $4,993,000 after acquiring an additional 1,854 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the first quarter valued at $78,000. Cetera Investment Advisers boosted its stake in Invesco Taxable Municipal Bond ETF by 40.4% in the first quarter. Cetera Investment Advisers now owns 119,002 shares of the company’s stock valued at $3,208,000 after acquiring an additional 34,214 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its stake in Invesco Taxable Municipal Bond ETF by 5.2% in the first quarter. NewEdge Wealth LLC now owns 257,158 shares of the company’s stock valued at $6,933,000 after acquiring an additional 12,776 shares in the last quarter.

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.