Global Endowment Management’s Invesco Taxable Municipal Bond ETF BAB Stock Holding History

Global Endowment Management’s Portfolio BAB Stock Details BAB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-25,100	Closed	-$744K	–	248
2014 Q3	$744K	Hold	25,100	–	–	0.11%	162
2014 Q2	$736K	Hold	25,100	–	–	0.11%	159
2014 Q1	$722K	Hold	25,100	–	–	0.11%	166
2013 Q4	$685K	Hold	25,100	–	–	0.14%	156
2013 Q3	$685K	Hold	25,100	–	–	0.17%	121
2013 Q2	$707K	Buy	+25,100	New	+$754K	0.2%	116

Other funds holding BAB

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

ACM

Aviance Capital Management Sarasota, Florida $668M AUM 6.48% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

KeyBank National Association Cleveland, Ohio $27.4B AUM 24.17% 1-Year Est. Return

BTS

BB&T Securities Richmond, Virginia $10.9B AUM 5.31% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

HTC

Haverford Trust Company Radnor, Pennsylvania $10.9B AUM 18.64% 1-Year Est. Return

Global Endowment Management's BAB Position: Q4 2014 in Review

Global Endowment Management sold out of Invesco Taxable Municipal Bond ETF (BAB) in Q4 2014, closing a stake of 25,100 shares — an estimated $744K sold.

Global Endowment Management first reported a position in BAB in Q2 2013 and held it in 6 quarters. The position peaked at $744K in Q3 2014. 91 funds tracked by Wall St. Rank hold BAB as of Q4 2014.

Global Endowment Management reported no remaining Invesco Taxable Municipal Bond ETF position as of Q4 2014 after selling out during the quarter.
Global Endowment Management sold 25,100 Invesco Taxable Municipal Bond ETF shares in Q4 2014, an estimated $744K.
Global Endowment Management first reported a position in Invesco Taxable Municipal Bond ETF in Q2 2013 and held it in 6 quarters.
Global Endowment Management's Invesco Taxable Municipal Bond ETF position peaked at $744K in Q3 2014.
91 funds tracked by Wall St. Rank held Invesco Taxable Municipal Bond ETF as of Q4 2014.

Based on Global Endowment Management's 13F filing for Q4 2014, filed 17 Feb 2015.