Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Reaches New 12-Month Low – What’s Next?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) hit a new 52-week low on Monday . The company traded as low as $25.88 and last traded at $25.9050, with a volume of 31143 shares traded. The stock had previously closed at $25.91.

Invesco Taxable Municipal Bond ETF Stock Performance

The firm has a market capitalization of $996.05 million, a price-to-earnings ratio of -202.23 and a beta of 0.30. The business has a fifty day moving average of $26.34 and a two-hundred day moving average of $26.69.

Institutional Trading of Invesco Taxable Municipal Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Annex Advisory Services LLC raised 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 valued at $89,414,000 after acquiring an additional 151,384 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 6.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 758,986 shares of the company’s stock worth $20,644,000 after acquiring an additional 45,701 shares during the period. Gould Asset Management LLC CA grew its position in shares of 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 purchasing an additional 14,255 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of 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 purchasing an additional 36,222 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco Taxable Municipal Bond ETF by 8.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 314,672 shares of the company’s stock worth $8,559,000 after purchasing an additional 24,954 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.