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

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) saw an uptick in trading volume on Wednesday . 301,369 shares traded hands during mid-day trading, an increase of 65% from the previous session’s volume of 182,862 shares.The stock last traded at $26.49 and had previously closed at $26.55.

Invesco Taxable Municipal Bond ETF Stock Performance

The company’s 50 day moving average price is $26.70 and its 200-day moving average price is $26.96. The company has a market cap of $1.02 billion, a PE ratio of -202.23 and a beta of 0.29.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter worth about $26,000. Root Financial Partners LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter valued at approximately $32,000. Chapman Financial Group LLC purchased a new position in Invesco Taxable Municipal Bond ETF in the 2nd quarter valued at approximately $42,000. Western Wealth Management LLC bought a new stake in Invesco Taxable Municipal Bond ETF during the 1st quarter valued at $78,000. Finally, IFP Advisors Inc lifted its position in shares of Invesco Taxable Municipal Bond ETF by 26.6% during the fourth quarter. IFP Advisors Inc now owns 3,508 shares of the company’s stock worth $95,000 after acquiring an additional 736 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. The Index is designed to track the performance of the United States dollar-denominated Build America Bonds publicly issued by the United States and territories, and their political subdivisions, in the United States market.