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

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-strong trading volume on Monday . Approximately 1,450,698 shares changed hands during trading, an increase of 446% from the previous session’s volume of 265,703 shares.The stock last traded at $26.46 and had previously closed at $26.47.

Invesco Taxable Municipal Bond ETF Stock Down 0.7 %

The firm has a 50-day simple moving average of $26.35 and a 200-day simple moving average of $26.89. The stock has a market cap of $1.26 billion, a PE ratio of -199.62 and a beta of 0.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $42,766,000. Kingsview Wealth Management LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 121.4% during the third quarter. Kingsview Wealth Management LLC now owns 469,941 shares of the company’s stock valued at $12,956,000 after buying an additional 257,701 shares during the period. NewEdge Wealth LLC bought a new stake in Invesco Taxable Municipal Bond ETF in the fourth quarter valued at $4,710,000. Rational Advisors LLC raised its holdings in Invesco Taxable Municipal Bond ETF by 92.6% in the 3rd quarter. Rational Advisors LLC now owns 358,925 shares of the company’s stock worth $9,896,000 after purchasing an additional 172,561 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 15.9% during the 4th quarter. HighTower Advisors LLC now owns 1,163,960 shares of the company’s stock valued at $30,438,000 after purchasing an additional 159,463 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.