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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares saw unusually-high trading volume on Monday . Approximately 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 firm’s fifty day moving average price is $26.32 and its 200-day moving average price is $26.46. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its position in Invesco Taxable Municipal Bond ETF by 552.0% in the 1st quarter. Cetera Investment Advisers now owns 76,070 shares of the company’s stock valued at $2,020,000 after purchasing an additional 64,402 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter valued at about $6,004,000. Biltmore Family Office LLC increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 13.2% in the 1st quarter. Biltmore Family Office LLC now owns 66,167 shares of the company’s stock valued at $1,757,000 after purchasing an additional 7,723 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the 1st quarter valued at about $540,000. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 198,280 shares of the company’s stock valued at $5,264,000 after purchasing an additional 8,023 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.