Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Large Volume Increase

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-high trading volume on Tuesday . Approximately 225,407 shares traded hands during trading, a decline of 40% from the previous session’s volume of 374,996 shares.The stock last traded at $25.87 and had previously closed at $25.84.

Invesco Taxable Municipal Bond ETF Stock Down 0.3 %

The stock has a market cap of $1.25 billion, a PE ratio of -199.60 and a beta of 0.19. The stock has a 50-day moving average of $26.33 and a 200 day moving average of $26.15.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Wealthspire Advisors LLC lifted its position in Invesco Taxable Municipal Bond ETF by 10.7% during the fourth quarter. Wealthspire Advisors LLC now owns 3,049,364 shares of the company’s stock worth $82,058,000 after buying an additional 294,054 shares in the last quarter. Ameriprise Financial Inc. raised its position in Invesco Taxable Municipal Bond ETF by 8.1% in the third quarter. Ameriprise Financial Inc. now owns 2,147,224 shares of the company’s stock valued at $54,290,000 after purchasing an additional 161,349 shares during the period. Bank of New York Mellon Corp purchased a new stake in Invesco Taxable Municipal Bond ETF in the third quarter valued at $31,712,000. PNC Financial Services Group Inc. raised its position in Invesco Taxable Municipal Bond ETF by 45.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,043,028 shares of the company’s stock valued at $28,068,000 after purchasing an additional 325,482 shares during the period. Finally, Private Ocean LLC raised its position in Invesco Taxable Municipal Bond ETF by 8.3% in the first quarter. Private Ocean LLC now owns 972,490 shares of the company’s stock valued at $25,820,000 after purchasing an additional 74,215 shares during the period.

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.