Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Hits New 1-Year Low – What’s Next?

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) reached a new 52-week low during trading on Tuesday . The stock traded as low as $25.91 and last traded at $25.97, with a volume of 494956 shares changing hands. The stock had previously closed at $25.97.

Invesco Taxable Municipal Bond ETF Trading Down 0.2%

The company has a market capitalization of $995.86 million, a price-to-earnings ratio of -202.23 and a beta of 0.30. The firm’s 50-day moving average price is $26.37 and its 200 day moving average price is $26.71.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Annex Advisory Services LLC boosted its holdings 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 purchasing an additional 151,384 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of 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. Kingsview Wealth Management LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 6.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 758,986 shares of the company’s stock worth $20,644,000 after buying an additional 45,701 shares during the last quarter. Gould Asset Management LLC CA boosted its stake in Invesco Taxable Municipal Bond ETF by 2.2% in the first quarter. Gould Asset Management LLC CA now owns 668,113 shares of the company’s stock valued at $18,012,000 after buying an additional 14,255 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in Invesco Taxable Municipal Bond ETF by 8.5% in the second quarter. Tortoise Investment Management LLC now owns 464,700 shares of the company’s stock valued at $12,473,000 after buying an additional 36,222 shares in 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.