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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares saw unusually-high trading volume on Wednesday . Approximately 736,128 shares traded hands during mid-day trading, an increase of 346% from the previous session’s volume of 165,005 shares.The stock last traded at $27.06 and had previously closed at $27.14.

Invesco Taxable Municipal Bond ETF Stock Performance

The stock has a 50-day simple moving average of $27.19 and a 200 day simple moving average of $27.27. The stock has a market capitalization of $1.03 billion, a P/E ratio of -202.23 and a beta of 0.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BAB. Creative Planning acquired a new position in Invesco Taxable Municipal Bond ETF during the 2nd quarter valued at about $215,000. NewEdge Advisors LLC lifted its position in Invesco Taxable Municipal Bond ETF by 6.5% during the 2nd quarter. NewEdge Advisors LLC now owns 57,685 shares of the company’s stock valued at $1,530,000 after purchasing an additional 3,533 shares during the period. Raymond James Financial Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 0.3% during the 2nd 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. Jane Street Group LLC lifted its position in Invesco Taxable Municipal Bond ETF by 44.4% during the 2nd quarter. Jane Street Group LLC now owns 565,488 shares of the company’s stock valued at $15,002,000 after purchasing an additional 173,932 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Invesco Taxable Municipal Bond ETF by 3.5% during the 2nd 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 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.