Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sets New 1-Year Low – Should You Sell?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $24.68 and last traded at $24.68, with a volume of 370 shares traded. The stock had previously closed at $27.16.

Invesco Taxable Municipal Bond ETF Stock Performance

The business has a fifty day moving average price of $27.17 and a 200 day moving average price of $27.26. The company has a market capitalization of $1.03 billion, a PE ratio of -202.23 and a beta of 0.33.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

A number of large investors have recently modified their holdings of BAB. Chapman Financial Group LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 1,212.5% during the 3rd quarter. Chapman Financial Group LLC now owns 21,000 shares of the company’s stock valued at $573,000 after buying an additional 19,400 shares during the period. Capstone Capital LLC raised its holdings in shares of 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 buying an additional 21,643 shares during the period. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter valued at about $705,000. AE Wealth Management LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 3,306.4% during the 4th quarter. AE Wealth Management LLC now owns 87,715 shares of the company’s stock valued at $2,386,000 after buying an additional 85,140 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,441,238 shares of the company’s stock valued at $39,331,000 after buying an additional 121,880 shares during the period.

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.