Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw strong trading volume on Thursday . 924,037 shares were traded during trading, an increase of 414% from the previous session’s volume of 179,747 shares.The stock last traded at $26.68 and had previously closed at $26.68.

Invesco Taxable Municipal Bond ETF Stock Down 0.1%

The firm has a market cap of $1.03 billion, a P/E ratio of -202.23 and a beta of 0.29. The firm’s 50-day simple moving average is $26.77 and its 200 day simple moving average is $27.03.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Hobbs Group Advisors LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 1.0% in the first quarter. Hobbs Group Advisors LLC now owns 185,198 shares of the company’s stock valued at $4,993,000 after purchasing an additional 1,854 shares during the last quarter. Western Wealth Management LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 1st quarter worth about $78,000. Cetera Investment Advisers increased its holdings in Invesco Taxable Municipal Bond ETF by 40.4% in the 1st quarter. Cetera Investment Advisers now owns 119,002 shares of the company’s stock worth $3,208,000 after acquiring an additional 34,214 shares during the last quarter. NewEdge Wealth LLC raised its stake in Invesco Taxable Municipal Bond ETF by 5.2% in the 1st quarter. NewEdge Wealth LLC now owns 257,158 shares of the company’s stock valued at $6,933,000 after acquiring an additional 12,776 shares during the period. Finally, First Trust Advisors LP raised its stake in Invesco Taxable Municipal Bond ETF by 10.3% in the 1st quarter. First Trust Advisors LP now owns 11,333 shares of the company’s stock valued at $306,000 after acquiring an additional 1,055 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.