Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Reaches New 52-Week Low – Here’s What Happened

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

Invesco Taxable Municipal Bond ETF Price Performance

The stock has a market cap of $996.05 million, a P/E ratio of -202.23 and a beta of 0.30. The company’s 50 day simple moving average is $26.34 and its 200 day simple moving average is $26.69.

Institutional Trading of Invesco Taxable Municipal Bond ETF

A number of large investors have recently made changes to their positions in BAB. Annex Advisory Services LLC boosted its position in Invesco Taxable Municipal Bond ETF by 4.8% during the 2nd quarter. Annex Advisory Services LLC now owns 3,331,378 shares of the company’s stock worth $89,414,000 after acquiring an additional 151,384 shares during the last quarter. Corient Private Wealth LLC bought a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $3,460,000. Spartan Wealth Advisory Services LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the 1st quarter worth approximately $1,291,000. Kingsview Wealth Management LLC boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 6.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 758,986 shares of the company’s stock valued at $20,644,000 after buying an additional 45,701 shares during the last quarter. Finally, Gould Asset Management LLC CA grew its stake in shares of Invesco Taxable Municipal Bond ETF by 6.1% in the fourth 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 in the last quarter.

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.