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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw strong trading volume on Monday . 547,600 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 355,418 shares.The stock last traded at $26.12 and had previously closed at $26.38.

Invesco Taxable Municipal Bond ETF Trading Up 0.4 %

The company has a market capitalization of $1.26 billion, a PE ratio of -199.62 and a beta of 0.22. The stock’s 50-day moving average is $26.32 and its two-hundred day moving average is $26.46.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

A number of hedge funds have recently added to or reduced their stakes in BAB. First United Bank & Trust bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $31,000. Baystate Wealth Management LLC bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $40,000. Global Retirement Partners LLC grew its stake in Invesco Taxable Municipal Bond ETF by 34.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,711 shares of the company’s stock worth $46,000 after acquiring an additional 440 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $46,000. Finally, Allworth Financial LP bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $51,000.

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.