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

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares saw unusually-high trading volume on Monday . Approximately 192,148 shares were traded during mid-day trading, an increase of 93% from the previous session’s volume of 99,505 shares.The stock last traded at $26.12 and had previously closed at $26.18.

Invesco Taxable Municipal Bond ETF Stock Down 0.2 %

The firm has a market capitalization of $1.25 billion, a PE ratio of -199.62 and a beta of 0.22. The stock has a 50-day moving average price of $26.62 and a 200 day moving average price of $26.97.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Invesco Taxable Municipal Bond ETF by 16.6% during the third quarter. JPMorgan Chase & Co. now owns 78,807 shares of the company’s stock worth $2,173,000 after purchasing an additional 11,218 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Invesco Taxable Municipal Bond ETF by 4.8% during the third quarter. Tidal Investments LLC now owns 35,694 shares of the company’s stock worth $984,000 after buying an additional 1,650 shares in the last quarter. World Investment Advisors LLC raised its position in shares of Invesco Taxable Municipal Bond ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 27,572 shares of the company’s stock valued at $760,000 after buying an additional 2,625 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Invesco Taxable Municipal Bond ETF by 67.9% in the third quarter. Sanctuary Advisors LLC now owns 21,735 shares of the company’s stock worth $578,000 after buying an additional 8,786 shares in the last quarter. Finally, Hobbs Group Advisors LLC boosted its position in Invesco Taxable Municipal Bond ETF by 2.6% during the third quarter. Hobbs Group Advisors LLC now owns 147,612 shares of the company’s stock worth $4,070,000 after acquiring an additional 3,683 shares during 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.