Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) Hits New 12-Month Low – Should You Sell?

Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) shares reached a new 52-week low during trading on Friday . The company traded as low as $25.60 and last traded at $25.66, with a volume of 33223 shares changing hands. The stock had previously closed at $25.69.

Invesco Taxable Municipal Bond ETF Stock Up 0.6 %

The company has a market capitalization of $940.58 million, a PE ratio of -205.54 and a beta of 0.30. The firm has a 50-day moving average of $26.56 and a two-hundred day moving average of $26.61.

Invesco Taxable Municipal Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0927 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco Taxable Municipal Bond ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On Invesco Taxable Municipal Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. 1620 Investment Advisors Inc. acquired a new position in Invesco Taxable Municipal Bond ETF during the 4th quarter worth about $30,000. Spire Wealth Management purchased a new stake in Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $45,000. Chapman Financial Group LLC acquired a new stake in shares of Invesco Taxable Municipal Bond ETF during the fourth quarter worth about $71,000. Atlas Capital Advisors Inc. purchased a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $187,000. Finally, GWN Securities Inc. acquired a new position in shares of Invesco Taxable Municipal Bond ETF in the fourth quarter valued at approximately $213,000.

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.