Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Large Volume Increase – Should You Buy?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares saw an uptick in trading volume on Monday . 192,148 shares were traded during 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 Stock Up 0.3 %

The firm’s 50 day moving average is $26.58 and its two-hundred day moving average is $26.95. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

Several institutional investors have recently modified their holdings of the company. Kingsview Wealth Management LLC boosted its stake in Invesco Taxable Municipal Bond ETF by 121.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 469,941 shares of the company’s stock valued at $12,956,000 after purchasing an additional 257,701 shares during the period. Merriman Wealth Management LLC bought a new stake in shares of Invesco Taxable Municipal Bond ETF during the second quarter valued at approximately $5,843,000. Rational Advisors LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 92.6% during the third quarter. Rational Advisors LLC now owns 358,925 shares of the company’s stock worth $9,896,000 after buying an additional 172,561 shares during the period. Onyx Bridge Wealth Group LLC grew its holdings in Invesco Taxable Municipal Bond ETF by 176.4% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 182,539 shares of the company’s stock worth $5,033,000 after buying an additional 116,500 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in Invesco Taxable Municipal Bond ETF by 92.5% in the 3rd quarter. MML Investors Services LLC now owns 220,894 shares of the company’s stock worth $6,090,000 after buying an additional 106,123 shares in the last quarter.

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.