ETF On Watch: PowerShares Build America Bond ETF (BAB) Declines 0.55% for Dec 1

December 1, 2016 - By Ruchi Gupta   ·   0 Comments

Dec 1 is a negative day so far for PowerShares Build America Bond ETF (NYSEARCA:BAB) as the ETF is active during the day after losing 0.55% to hit $29.15 per share. The exchange traded fund has 900.35 million net assets and 0.58% volatility this month.

Over the course of the day 23,977 shares traded hands, as compared to an average volume of 200,640 over the last 30 days for PowerShares Build America Bond ETF (NYSEARCA:BAB).

The ETF is -7.48% of its 52-Week High and 6.29% of its low, and is currently having ATR of 0.22. This year’s performance is 4.32% while this quarter’s performance is -6.14%.

The ETF’s YTD performance is 9.65%, the 1 year is 9.95% and the 3 year is 8.25%.

The fund’s top holdings are: California St Go Bds 7.6% for 4.32% of assets, California St Go Bds 7.95% for 2.59%, California St Go Bds 7.5% for 2.46%, California St Go Bds 7.55% for 2.33%, California St Go Bds 6.509% for 1.70%, Metropolitan Transn Auth 6.814% for 1.67%, Utah St G O Bds 3.539% for 1.59%, Illinois St Go Bds 5.563% for 1.53%, Texas Transn Commn St Hwy Fd R Re 5.178% for 1.39%, Univ Calif Revs For Prev Rev Bds 5.946% for 1.32%.

More notable recent PowerShares Build America Bond Portfolio (NYSEARCA:BAB) news were published by: Nasdaq.com which released: “PowerShares Build America Bond Portfolio (BAB) Shares Cross Below 200 DMA” on October 27, 2016, also Barrons.com with their article: “Build America Bonds’ Scarcity Vexes ETFs” published on November 30, 2013, Seekingalpha.com published: “Low-Cost Exposure To Taxable Municipal Bonds” on August 22, 2014. More interesting news about PowerShares Build America Bond Portfolio (NYSEARCA:BAB) were released by: Benzinga.com and their article: “A New Muti-Asset ETF Of ETFs” published on March 11, 2016 as well as Seekingalpha.com‘s news article titled: “Build America Bonds: Beautiful if You’re Not Rich” with publication date: March 10, 2010.

PowerShares Build America Bond Portfolio 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 company has a market cap of $900.35 million. The Fund will normally invests at least 80% of its total assets in the securities that comprise the Index. It currently has negative earnings. 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.

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By Ruchi Gupta

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