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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw an uptick in trading volume on Monday . 192,148 shares changed hands during mid-day trading, an increase of 93% from the previous session’s volume of 99,505 shares.The stock last traded at $26.12 and had previously closed at $26.18.

Invesco Taxable Municipal Bond ETF Price Performance

The stock has a fifty day moving average of $26.62 and a 200 day moving average of $26.97. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC boosted its stake in shares of Invesco Taxable Municipal Bond ETF by 5,708.3% in the third quarter. Wagner Wealth Management LLC now owns 2,788 shares of the company’s stock worth $77,000 after buying an additional 2,740 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in Invesco Taxable Municipal Bond ETF by 44.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 5,474 shares of the company’s stock worth $144,000 after purchasing an additional 1,673 shares in the last quarter. Peoples Bank KS grew its stake in shares of Invesco Taxable Municipal Bond ETF by 350.3% during the 3rd quarter. Peoples Bank KS now owns 8,645 shares of the company’s stock worth $238,000 after purchasing an additional 6,725 shares during the period. IHT Wealth Management LLC acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the 3rd quarter valued at $241,000. Finally, Kovack Advisors Inc. increased its holdings in Invesco Taxable Municipal Bond ETF by 9.1% in the third quarter. Kovack Advisors Inc. now owns 9,603 shares of the company’s stock valued at $265,000 after buying an additional 803 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.