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

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-strong trading volume on Thursday . 924,037 shares changed hands during trading, an increase of 414% from the previous session’s volume of 179,747 shares.The stock last traded at $26.68 and had previously closed at $26.68.

Invesco Taxable Municipal Bond ETF Stock Performance

The stock has a fifty day simple moving average of $26.76 and a two-hundred day simple moving average of $27.03. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. AE Wealth Management LLC raised its position in shares of Invesco Taxable Municipal Bond ETF by 3,306.4% during the fourth quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock worth $2,386,000 after purchasing an additional 85,140 shares during the period. Capstone Capital LLC boosted its stake in Invesco Taxable Municipal Bond ETF by 1,077.3% during the 4th quarter. Capstone Capital LLC now owns 23,652 shares of the company’s stock valued at $643,000 after purchasing an additional 21,643 shares during the last quarter. Annex Advisory Services LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the 4th quarter worth approximately $83,386,000. Patten Group Inc. increased its holdings in Invesco Taxable Municipal Bond ETF by 22.0% during the 4th quarter. Patten Group Inc. now owns 104,654 shares of the company’s stock worth $2,847,000 after purchasing an additional 18,899 shares in the last quarter. Finally, Maltin Wealth Management Inc. raised its stake in shares of Invesco Taxable Municipal Bond ETF by 10.5% in the fourth quarter. Maltin Wealth Management Inc. now owns 280,336 shares of the company’s stock worth $7,625,000 after purchasing an additional 26,706 shares during 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.