Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB – Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $26.21 and last traded at $26.22, with a volume of 106317 shares changing hands. The stock had previously closed at $26.29.
Invesco Taxable Municipal Bond ETF Trading Up 0.4%
The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29. The firm has a 50-day moving average of $26.51 and a 200-day moving average of $26.81.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of BAB. Jane Street Group LLC lifted its holdings in shares of Invesco Taxable Municipal Bond ETF by 44.4% during the second quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock worth $15,002,000 after purchasing an additional 173,932 shares during the period. Annex Advisory Services LLC increased its holdings 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 worth $89,414,000 after buying an additional 151,384 shares during the period. Corient Private Wealth LLC acquired a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $3,460,000. Bank of Montreal Can raised its position in Invesco Taxable Municipal Bond ETF by 12.9% during the 3rd quarter. Bank of Montreal Can now owns 830,686 shares of the company’s stock worth $22,669,000 after buying an additional 95,132 shares during the last quarter. Finally, HighTower Advisors LLC raised its position 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 worth $41,078,000 after buying an additional 68,974 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.
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