Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-strong trading volume on Tuesday . Approximately 600,340 shares changed hands during trading, an increase of 149% from the previous session’s volume of 240,893 shares.The stock last traded at $25.84 and had previously closed at $25.90.

Invesco Taxable Municipal Bond ETF Trading Down 0.2 %

The business has a fifty day moving average of $26.54 and a 200-day moving average of $26.94. The company has a market cap of $1.24 billion, a PE ratio of -199.62 and a beta of 0.22.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

A number of institutional investors have recently bought and sold shares of BAB. Park Avenue Securities LLC grew its holdings in Invesco Taxable Municipal Bond ETF by 3.7% in the fourth quarter. Park Avenue Securities LLC now owns 19,776 shares of the company’s stock worth $517,000 after purchasing an additional 708 shares during the period. Bangor Savings Bank boosted its holdings in Invesco Taxable Municipal Bond ETF by 3.9% in the fourth quarter. Bangor Savings Bank now owns 509,366 shares of the company’s stock worth $13,320,000 after purchasing an additional 19,240 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 78,807 shares of the company’s stock worth $2,173,000 after acquiring an additional 11,218 shares during the period. Tidal Investments LLC increased its position in Invesco Taxable Municipal Bond ETF by 4.8% during the third quarter. Tidal Investments LLC now owns 35,694 shares of the company’s stock valued at $984,000 after acquiring an additional 1,650 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Invesco Taxable Municipal Bond ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 27,572 shares of the company’s stock valued at $760,000 after acquiring an additional 2,625 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.