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

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw strong trading volume on Monday . 1,450,698 shares changed hands during mid-day trading, an increase of 446% from the previous session’s volume of 265,703 shares.The stock last traded at $26.46 and had previously closed at $26.47.

Invesco Taxable Municipal Bond ETF Price Performance

The business has a 50 day moving average price of $26.35 and a 200 day moving average price of $26.89. The stock has a market capitalization of $1.26 billion, a PE ratio of -199.62 and a beta of 0.22.

Hedge Funds Weigh In On Invesco Taxable Municipal Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BAB. Bank of New York Mellon Corp grew its position in shares of Invesco Taxable Municipal Bond ETF by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,668,170 shares of the company’s stock valued at $43,623,000 after acquiring an additional 39,864 shares during the period. Raymond James Financial Inc. bought a new position in shares of Invesco Taxable Municipal Bond ETF during the 4th quarter valued at approximately $42,766,000. HighTower Advisors LLC lifted its holdings in Invesco Taxable Municipal Bond ETF by 15.9% during the fourth quarter. HighTower Advisors LLC now owns 1,163,960 shares of the company’s stock valued at $30,438,000 after purchasing an additional 159,463 shares in the last quarter. LPL Financial LLC boosted its position in shares of Invesco Taxable Municipal Bond ETF by 8.6% in the fourth quarter. LPL Financial LLC now owns 541,008 shares of the company’s stock worth $14,147,000 after purchasing an additional 42,618 shares during the period. Finally, Rational Advisors LLC increased its stake in shares of Invesco Taxable Municipal Bond ETF by 47.4% in the fourth quarter. Rational Advisors LLC now owns 528,974 shares of the company’s stock worth $13,833,000 after purchasing an additional 170,049 shares in 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.