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Invesco Taxable Municipal Bond ETF (BAB)

Muni National Long | Exchange Traded Fund | NYSEArca
26.34 USD -0.11 (-0.416%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 26.34
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★⯪☆
Hot Take ↕ | Aug. 22, 2026, 1:57 a.m. EDT

The Invesco Taxable Municipal Bond ETF presents a classic case of a defensive asset caught in a secular headwind. While the 4.23% dividend yield is attractive, it is masking a significant erosion of principal value; the fund has lost over 15% of its value over the last nine years, with the most recent annual performance showing a decline. This multi-year downtrend suggests the market views taxable munis as a losing proposition compared to alternatives, likely due to rising rates or credit concerns, rather than a temporary dip. The price is trading at a discount to book value, which offers some margin of safety, but the persistent downward trajectory prevents a 'buy' recommendation for capital preservation. For income investors, the yield is solid and appears sustainable given the steady dividend payments, making it a viable hold for those specifically targeting tax-advantaged income, but a poor vehicle for growth or recovery. The lack of options activity confirms that neither bulls nor bears are actively betting on a reversal in the near term.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.014597
AutoARIMA0.014879
AutoETS0.014929
MSTL0.015679

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 75%
H-stat 7.50
Ljung-Box p 0.000
Jarque-Bera p 0.062
Excess Kurtosis -0.21

As of Aug. 22, 2026, 1:57 a.m. EDT: Options activity is virtually dormant with negligible volume and open interest across both calls and puts. Implied volatility is elevated relative to the near-term horizon, suggesting a baseline of uncertainty, but the lack of directional positioning indicates speculators are not forming a strong consensus on immediate price moves.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.38% 4.17% 4.04% 3.67%
Dividend History
Date Dividend Yield %
2026-08-24 0.100 0.380084
2026-07-20 0.100 0.376790
2026-06-22 0.096 0.358744
2026-05-18 0.098 0.370510
2026-04-20 0.091 0.336290
2026-03-23 0.095 0.354345
2026-02-23 0.089 0.323284
2026-01-20 0.092 0.340363
2025-12-22 0.094 0.345843
2025-11-24 0.085 0.310446
2025-10-20 0.092 0.334302
2025-09-22 0.092 0.340111
2025-08-18 0.090 0.339879
2025-07-21 0.091 0.346008
2025-06-23 0.090 0.342335
2025-05-19 0.088 0.338592
2025-04-21 0.088 0.339637
2025-03-24 0.093 0.350811
2025-02-24 0.085 0.319910
2025-01-21 0.088 0.335750
2024-12-23 0.089 0.340344
2024-11-18 0.091 0.343008
2024-10-21 0.088 0.328358
2024-09-23 0.087 0.314079
2024-08-19 0.081 0.296595
2024-07-22 0.084 0.315315
2024-06-24 0.086 0.322581
2024-05-20 0.090 0.342596
2024-04-22 0.093 0.359907
2024-03-18 0.084 0.319635
2024-02-20 0.081 0.307400
2024-01-22 0.083 0.311679
2023-12-18 0.086 0.320417
2023-11-20 0.086 0.336069
2023-10-23 0.086 0.350306
2023-09-18 0.083 0.322832
2023-08-21 0.083 0.326258
2023-07-24 0.081 0.306122
2023-06-20 0.081 0.305200
2023-05-22 0.081 0.307634
2023-04-24 0.080 0.298063
2023-03-20 0.079 0.295880
2023-02-21 0.079 0.301988
2023-01-23 0.079 0.294666
2022-12-19 0.077 0.292887
2022-11-21 0.077 0.301724
2022-10-24 0.075 0.306247
2022-09-19 0.074 0.279351
2022-08-22 0.073 0.266035
2022-07-18 0.073 0.263824
2022-06-21 0.073 0.271073
2022-05-23 0.072 0.259179
2022-04-18 0.071 0.251238
2022-03-21 0.071 0.238495
2022-02-22 0.069 0.220236
2022-01-24 0.069 0.215154
2021-12-20 0.070 0.211864
2021-11-22 0.072 0.218845
2021-10-18 0.073 0.222087
2021-08-23 0.072 0.213904
2021-07-19 0.072 0.213081
2021-06-21 0.072 0.217852
2021-05-24 0.073 0.224892
2021-04-19 0.073 0.225031
2021-03-22 0.073 0.228196
2021-02-22 0.072 0.220521
2021-01-19 0.071 0.212257
2020-12-21 0.072 0.215569
2020-11-23 0.070 0.210147
2020-10-19 0.069 0.209281
2020-08-24 0.065 0.193856
2020-07-20 0.089 0.267911
2020-06-22 0.092 0.281088
2020-05-18 0.094 0.299173
2020-04-20 0.095 0.300253
2020-03-23 0.093 0.328854
2020-02-24 0.092 0.276692
2020-01-21 0.094 0.292289
2019-12-23 0.095 0.299590
2019-11-18 0.095 0.298461
2019-10-21 0.097 0.305608
2019-09-23 0.097 0.300124
2019-08-19 0.091 0.278117
2019-07-22 0.099 0.315588
2019-06-24 0.099 0.315689
2019-05-20 0.106 0.346972
2019-04-22 0.104 0.346436
2019-03-18 0.105 0.351406
2019-02-19 0.103 0.345290
2019-01-22 0.104 0.353621
2018-12-24 0.105 0.354371
2018-11-19 0.105 0.363951
2018-10-22 0.105 0.365854
2018-09-24 0.105 0.361321
2018-08-20 0.103 0.347973
2018-07-23 0.105 0.358240
2018-06-18 0.105 0.356900
2018-05-21 0.102 0.348361
2018-04-23 0.104 0.351351
2018-03-19 0.104 0.351233
2018-02-20 0.102 0.346232
2018-01-22 0.101 0.336218
2017-12-18 0.093 0.303129
2017-11-20 0.102 0.334098
2017-10-23 0.099 0.325765
2017-09-18 0.098 0.321417
2017-08-15 0.100 0.331345
2017-07-14 0.100 0.334113
2017-06-15 0.103 0.342876
2017-05-15 0.105 0.356900
2017-04-13 0.104 0.351827
2017-03-15 0.105 0.360329
2017-02-15 0.103 0.352498
2017-01-13 0.103 0.352378
2016-12-15 0.097 0.337391
2016-11-15 0.097 0.328035
2016-10-14 0.094 0.305195
2016-09-15 0.096 0.309877
2016-08-15 0.100 0.316857
2016-07-15 0.103 0.328339
2016-06-15 0.106 0.340617
2016-05-13 0.107 0.349788
2016-02-12 0.109 0.361166
2016-01-15 0.115 0.387336
2015-12-15 0.114 0.391484
2015-11-13 0.114 0.396522
2015-10-15 0.109 0.372522
2015-09-15 0.109 0.382322
2015-08-14 0.115 0.395869
2015-07-15 0.115 0.401817
2015-06-15 0.115 0.399306
2015-05-15 0.114 0.390545
2015-04-15 0.115 0.377544
2015-03-13 0.115 0.386815
2015-02-13 0.113 0.371344
2015-01-15 0.116 0.372751
2014-12-15 0.116 0.381203
2014-11-14 0.117 0.392749
2014-10-15 0.113 0.373307
2014-09-15 0.112 0.381212
2014-08-15 0.115 0.387205
2014-07-15 0.117 0.400137
2014-06-13 0.116 0.397805
2014-05-15 0.116 0.395634
2014-04-15 0.119 0.411054
2014-03-14 0.119 0.415358
2014-02-14 0.119 0.421836
2014-01-15 0.119 0.430691
2013-12-13 0.119 0.433515
2013-11-15 0.119 0.432885
2013-10-15 0.115 0.424511
2013-09-13 0.116 0.431387
2013-08-15 0.118 0.433664
2013-07-15 0.119 0.425000
2013-06-14 0.116 0.403619
2013-05-15 0.117 0.386139
2013-04-15 0.121 0.392475
2013-03-15 0.120 0.398804
2013-02-15 0.117 0.389870
2013-01-15 0.118 0.393071
2012-12-14 0.119 0.391576
2012-11-15 0.122 0.400131
2012-10-15 0.107 0.356192
2012-09-14 0.139 0.477335
2012-08-15 0.125 0.421870
2012-07-13 0.120 0.398010
2012-06-15 0.119 0.398393
2012-05-15 0.123 0.412752
2012-04-13 0.125 0.424737
2012-03-15 0.125 0.435996
2012-02-15 0.124 0.423064
2012-01-13 0.123 0.425900
2011-12-15 0.122 0.425978
2011-11-15 0.123 0.432946
2011-10-14 0.120 0.427503
2011-09-15 0.126 0.446492
2011-08-15 0.126 0.465116
2011-07-15 0.125 0.469395
2011-06-15 0.126 0.472796
2011-05-13 0.127 0.483257
2011-04-15 0.127 0.498235
2011-03-15 0.125 0.494266
2011-02-15 0.122 0.492333
2011-01-14 0.126 0.503597
2010-12-15 0.125 0.506073
2010-11-15 0.115 0.461477
2010-10-15 0.116 0.445640
2010-09-15 0.116 0.440395
2010-08-13 0.121 0.458855
2010-07-15 0.123 0.473077
2010-06-15 0.124 0.480993
2010-05-14 0.129 0.495582
2010-04-15 0.125 0.499002
2010-03-15 0.130 0.522508
2010-02-12 0.126 0.511571
2010-01-05 0.127 0.521989
Additional Data
trailingAnnualDividendRate 1.067
trailingAnnualDividendYield 0.040340263
dividendYield 4.23

Info Dump

Attribute Value
All Time High 35.82
All Time Low 22.52
Ask 26.38
Ask Size 400
Average Daily Volume10 Day 730,270
Average Daily Volume3 Month 309,390
Average Volume 309,390
Average Volume10Days 730,270
Beta3 Year 0.98
Bid 26.33
Bid Size 2,200
Book Value 26.773
Category Muni National Long
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 26.48
Day Low 26.325
Dividend Yield 4.23
Eps Trailing Twelve Months -0.13
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 26.5542
Fifty Day Average Change -0.21419907
Fifty Day Average Change Percent -0.008066486
Fifty Two Week Change Percent -0.7909596
Fifty Two Week High 27.73
Fifty Two Week High Change -1.3899994
Fifty Two Week High Change Percent -0.050126195
Fifty Two Week Low 26.22
Fifty Two Week Low Change 0.12000084
Fifty Two Week Low Change Percent 0.004576691
Fifty Two Week Range 26.22 - 27.73
Financial Currency USD
First Trade Date Milliseconds 1,258,468,200,000
Five Year Average Return -0.0103474995
Full Exchange Name NYSEArca
Fullday Change -0.110001
Fullday Change Percent -0.415881
Fullday Price 26.34
Fund Family Invesco
Fund Inception Date 1,258,416,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund generally will invest at least 80% of its total assets in securities that comprise the index. The underlying index is designed to measure the performance of U.S. dollar-denominated taxable municipal debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market.
Long Name Invesco Taxable Municipal Bond ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_100304318
Nav Price 26.46
Net Assets 1,007,059,840.0
Net Expense Ratio 0.28
Open 26.46
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 26.34
Post Market Time 1,787,951,100
Previous Close 26.45
Price Hint 2
Price To Book 0.983827
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.110001
Regular Market Change Percent -0.415881
Regular Market Day High 26.48
Regular Market Day Low 26.325
Regular Market Day Range 26.325 - 26.48
Regular Market Open 26.46
Regular Market Previous Close 26.45
Regular Market Price 26.34
Regular Market Time 1,787,947,200
Regular Market Volume 251,220
Shares Outstanding 35,550,000
Short Name Invesco Taxable Municipal Bond
Source Interval 15
Symbol BAB
Three Year Average Return 0.0500626
Total Assets 1,007,059,840
Tradeable 0
Trailing Annual Dividend Rate 1.067
Trailing Annual Dividend Yield 0.040340263
Trailing Peg Ratio None
Trailing Three Month Nav Returns -1.00148
Trailing Three Month Returns -1.00148
Triggerable 1
Two Hundred Day Average 26.95985
Two Hundred Day Average Change -0.61985016
Two Hundred Day Average Change Percent -0.022991603
Type Disp ETF
Volume 251,220
Yield 0.0423
Ytd Return -0.61962