Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-high trading volume on Wednesday . 305,462 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 224,998 shares.The stock last traded at $26.20 and had previously closed at $26.17.

Invesco Taxable Municipal Bond ETF Price Performance

The business has a 50 day moving average of $26.50 and a 200 day moving average of $26.80. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -202.23 and a beta of 0.30.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

Several institutional investors have recently modified their holdings of BAB. Annex Advisory Services LLC raised its position 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 acquiring an additional 151,384 shares during the period. Raymond James Financial Inc. grew its holdings in Invesco Taxable Municipal Bond ETF by 0.3% during the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock valued at $40,797,000 after purchasing an additional 4,693 shares during the period. HighTower Advisors LLC increased its stake in Invesco Taxable Municipal Bond ETF by 4.8% in the fourth quarter. HighTower Advisors LLC now owns 1,510,212 shares of the company’s stock valued at $41,078,000 after purchasing an additional 68,974 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco Taxable Municipal Bond ETF by 3.5% in the second quarter. Ameriprise Financial Inc. now owns 1,210,388 shares of the company’s stock valued at $32,114,000 after purchasing an additional 41,295 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Invesco Taxable Municipal Bond ETF by 3.0% in the third quarter. Bank of America Corp DE now owns 1,134,058 shares of the company’s stock valued at $30,948,000 after purchasing an additional 32,625 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.