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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares saw unusually-high trading volume on Thursday . Approximately 153,998 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 170,931 shares.The stock last traded at $26.98 and had previously closed at $26.99.

Invesco Taxable Municipal Bond ETF Price Performance

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -202.23 and a beta of 0.33. The firm’s fifty day moving average is $27.17 and its 200-day moving average is $27.26.

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. MGO One Seven LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 1.6% during the third quarter. MGO One Seven LLC now owns 27,679 shares of the company’s stock valued at $755,000 after purchasing an additional 435 shares during the period. World Investment Advisors raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 1.6% during the third quarter. World Investment Advisors now owns 27,466 shares of the company’s stock valued at $750,000 after purchasing an additional 440 shares during the period. Comerica Bank raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.7% during the third quarter. Comerica Bank now owns 11,752 shares of the company’s stock valued at $321,000 after purchasing an additional 532 shares during the period. Progressive Investment Management Corp raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 3.7% during the fourth quarter. Progressive Investment Management Corp now owns 15,524 shares of the company’s stock valued at $422,000 after purchasing an additional 556 shares during the period. Finally, Millington Financial Advisors LLC raised its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.0% during the third quarter. Millington Financial Advisors LLC now owns 16,035 shares of the company’s stock valued at $439,000 after purchasing an additional 622 shares during the period.

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. 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.