Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Reaches New 1-Year High – Still a Buy?

Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) hit a new 52-week high on Friday . The company traded as high as $27.71 and last traded at $27.6850, with a volume of 15381 shares changing hands. The stock had previously closed at $27.58.

Invesco Taxable Municipal Bond ETF Stock Up 0.5%

The firm’s 50 day simple moving average is $27.28 and its 200-day simple moving average is $27.24. The company has a market capitalization of $1.07 billion, a PE ratio of -202.23 and a beta of 0.32.

Invesco Taxable Municipal Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a $0.0886 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Trading of Invesco Taxable Municipal Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter worth $26,000. Root Financial Partners LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 4th quarter worth about $32,000. AlphaCore Capital LLC purchased a new stake in Invesco Taxable Municipal Bond ETF in the 2nd quarter worth about $33,000. Chapman Financial Group LLC acquired a new stake in Invesco Taxable Municipal Bond ETF during the 2nd quarter worth about $42,000. Finally, Premier Financial Group purchased a new position in Invesco Taxable Municipal Bond ETF during the 3rd quarter valued at about $54,000.

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.