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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares saw unusually-high trading volume on Thursday . Approximately 153,998 shares were traded during trading, a decline of 10% from the previous session’s volume of 170,931 shares.The stock last traded at $26.98 and had previously closed at $26.99.

Invesco Taxable Municipal Bond ETF Price Performance

The firm’s fifty day moving average price is $27.17 and its two-hundred day moving average price is $27.26. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -202.23 and a beta of 0.33.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. Annex Advisory Services LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $83,386,000. Kingsview Wealth Management LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 109.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 713,285 shares of the company’s stock worth $19,466,000 after acquiring an additional 372,417 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 44.4% in the 2nd quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock worth $15,002,000 after acquiring an additional 173,932 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $3,460,000. Finally, HighTower Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,441,238 shares of the company’s stock worth $39,331,000 after acquiring an additional 121,880 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.