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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares saw an uptick in trading volume on Tuesday . 600,340 shares changed hands during mid-day 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 Price Performance

The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. The firm has a 50 day moving average price of $26.51 and a 200-day moving average price of $26.93.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Several institutional investors have recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in Invesco Taxable Municipal Bond ETF by 1.9% during the third quarter. Private Advisor Group LLC now owns 87,772 shares of the company’s stock worth $2,420,000 after purchasing an additional 1,648 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Invesco Taxable Municipal Bond ETF by 67.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,735 shares of the company’s stock worth $578,000 after buying an additional 8,786 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Invesco Taxable Municipal Bond ETF by 10.9% during the 3rd quarter. Stifel Financial Corp now owns 198,525 shares of the company’s stock worth $5,473,000 after buying an additional 19,479 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Invesco Taxable Municipal Bond ETF by 19.9% in the 2nd quarter. Cetera Investment Advisers now owns 91,235 shares of the company’s stock valued at $2,407,000 after buying an additional 15,165 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of Invesco Taxable Municipal Bond ETF by 67.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 18,970 shares of the company’s stock valued at $523,000 after buying an additional 7,626 shares during 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.