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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $25.22 and last traded at $25.2330, with a volume of 246168 shares traded. The stock had previously closed at $25.28.

Invesco Taxable Municipal Bond ETF Trading Up 0.3%

The business has a 50-day simple moving average of $26.09 and a 200 day simple moving average of $26.54. The stock has a market cap of $836.22 million, a P/E ratio of -202.23 and a beta of 0.30.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in BAB. Annex Advisory Services LLC increased its stake in Invesco Taxable Municipal Bond ETF by 4.8% in the second 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. Corient Private Wealth LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter valued at about $3,460,000. Spartan Wealth Advisory Services LLC bought a new position in shares of Invesco Taxable Municipal Bond ETF during the 1st quarter worth about $1,291,000. Gould Asset Management LLC CA grew its stake in shares of Invesco Taxable Municipal Bond ETF by 6.1% in the 4th quarter. Gould Asset Management LLC CA now owns 653,858 shares of the company’s stock valued at $17,785,000 after buying an additional 37,422 shares during the period. Finally, Tortoise Investment Management LLC grew its stake in shares of Invesco Taxable Municipal Bond ETF by 8.5% in the 2nd 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 during the period.

Invesco Taxable Municipal Bond ETF Company Profile

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.