BAB - Invesco Taxable Municipal Bond ETF
| Previous Close | 32.64 |
| Open | 32.63 |
| Bid | 0.00 x 1000 |
| Ask | 32.80 x 800 |
| Day's Range | 32.61 - 32.88 |
| 52 Week Range | 28.53 - 33.11 |
| Volume | 88,862 |
| Avg. Volume | 200,492 |
| Net Assets | 1.21B |
| NAV | 32.70 |
| PE Ratio (TTM) | N/A |
| Yield | 3.96% |
| YTD Return | 13.79% |
| Beta (3Y Monthly) | 1.40 |
| Expense Ratio (net) | 0.28% |
| Inception Date | 2009-11-17 |
- Zacks
Markets & ETFs Digest Trade Spat: Is It a Dead-Cat-Bounce?
Though markets rallied probably on the undervalued status and a still-steady US economy, rising recessionary fears and full-scale trade war risks should brighten the appeal of safer ETFs.
Market RealistChina: Why Even 6% Growth Looks Tough in 2019
Concerns about China’s economy have been a major risk for global markets. Last week, Apple (AAPL) lowered its revenue forecast due to the slowdown in China. The economy grew at an annualized pace of 6.5% in the third quarter, which is the slowest expansion rate since 2009. On January 11, Reuters reported that “China plans to set a lower economic growth target of 6-6.5 percent in 2019.” Lower economic growth isn’t really a surprise.
- ETF Trends
Old Bond ETFs Could be in Style Again
The American Recovery and Reinvestment Act of 2009 spurred the creation of build America bonds and some related exchange traded funds. The legislation established a Direct Payment Bond, which BAB will invest in. The federal government will give the bond issuer a direct payment of 35% of the interest rate on the bond, allowing municipalities to compete with the corporate bond markets.
