Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Hits New 1-Year Low – Here’s What Happened

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares reached a new 52-week low during mid-day trading on Monday. The company traded as low as $25.34 and last traded at $25.4050, with a volume of 11566 shares changing hands. The stock had previously closed at $25.50.

Invesco Taxable Municipal Bond ETF Price Performance

The business’s 50-day moving average price is $26.24 and its 200 day moving average price is $26.63. The firm has a market capitalization of $843.49 million, a price-to-earnings ratio of -202.23 and a beta of 0.30.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors purchased a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at about $32,000. Gill Capital Partners LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the 2nd quarter valued at approximately $46,000. Western Wealth Management LLC purchased a new stake in Invesco Taxable Municipal Bond ETF during the 1st quarter worth approximately $78,000. Finally, IFP Advisors Inc increased its holdings in Invesco Taxable Municipal Bond ETF by 26.6% during the 4th quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock worth $95,000 after purchasing an additional 736 shares during 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.