Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Sees Unusually-High Trading Volume – Here’s Why

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw unusually-high trading volume on Tuesday . Approximately 600,340 shares were traded 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 Stock Up 0.3 %

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

Institutional Trading of Invesco Taxable Municipal Bond ETF

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