Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Stock Price Down 1.2% – Time to Sell?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares dropped 1.2% during trading on Wednesday . The company traded as low as $25.61 and last traded at $25.77. Approximately 301,352 shares were traded during trading, an increase of 21% from the average daily volume of 249,945 shares. The stock had previously closed at $26.08.

Invesco Taxable Municipal Bond ETF Stock Down 0.6 %

The company has a market cap of $943.85 million, a price-to-earnings ratio of -205.54 and a beta of 0.30. The company has a fifty day simple moving average of $26.59 and a two-hundred day simple moving average of $26.65.

Invesco Taxable Municipal Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0927 dividend. This is a boost from Invesco Taxable Municipal Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. 1620 Investment Advisors Inc. purchased a new position in Invesco Taxable Municipal Bond ETF during the fourth quarter worth $30,000. Spire Wealth Management purchased a new stake in Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $45,000. Chapman Financial Group LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at about $71,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $187,000. Finally, GWN Securities Inc. purchased a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $213,000.

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.