BAB Stock Summary and Trading Ideas (Invesco Taxable Municipal Bond ETF | ARCA:BAB)

The Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollar-denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. The Fund and the Index are rebalanced and reconstituted monthly.

Invesco Taxable Municipal Bond ETF trades on the ARCA stock market under the symbol BAB.

As of April 18, 2024, BAB stock price declined to $25.88 with 131,608 million shares trading.

BAB has a beta of 0.36, meaning it tends to be less sensitive to market movements. BAB has a correlation of 0.30 to the broad based SPY ETF.

BAB has a market cap of $1.25 billion. This is considered a Small Cap stock.

In the last 3 years, BAB stock traded as high as $34.00 and as low as $24.29.

BAB has underperformed the market in the last year with a return of +0.6%, while the SPY ETF gained +22.2%. In the last 3 month period, BAB fell short of the market, returning -1.5%, while SPY returned +5.2%. However, in the most recent 2 weeks BAB has outperformed the stock market by returning -1.8%, while SPY returned -2.6%.

BAB support price is $25.80 and resistance is $26.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAB stock will trade within this expected range on the day.