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

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-high trading volume on Thursday . Approximately 924,037 shares changed hands 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 Performance

The stock has a fifty day simple moving average of $26.77 and a two-hundred day simple moving average of $27.03. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -202.23 and a beta of 0.29.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Large investors have recently modified their holdings of the stock. Creative Planning bought a new stake in Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at about $215,000. NewEdge Advisors LLC boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 6.5% in the 2nd quarter. NewEdge Advisors LLC now owns 57,685 shares of the company’s stock worth $1,530,000 after buying an additional 3,533 shares during the last quarter. Raymond James Financial Inc. boosted its position in Invesco Taxable Municipal Bond ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 1,537,781 shares of the company’s stock worth $40,797,000 after purchasing an additional 4,693 shares during the last quarter. Jane Street Group LLC increased its position in shares of 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 last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of 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 worth $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.