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Invesco Taxable Municipal Bond ETF
BAB

72 hedge funds and large institutions have $203M invested in Invesco Taxable Municipal Bond ETF in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 34 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

1% more funds holding

Funds holding: 71 → 72 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.92% less ownership

Funds ownership: 35.63% → 33.71% (-1.9%)

18% less capital invested

Capital invested by funds: $249M → $203M (-$46.1M)

47% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 34

Holders
72
Holders Change
+1
Holders Change %
+1.41%
% of All Funds
2.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
18
Reduced
34
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HTC
Haverford Trust Company
Pennsylvania
+$9.62M
2
LG
Leuthold Group
Minnesota
+$1.67M
3
Jane Street
Jane Street
New York
+$1.54M
4
BIT
BlackRock Institutional Trust
California
+$1.26M
5
Citigroup
Citigroup
New York
+$511K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$16.1M
2
B
Baird
Wisconsin
-$9.07M
3
ECM
Evergreen Capital Management
Washington
-$5.67M
4
KeyBank National Association
KeyBank National Association
Ohio
-$3.77M
5
CS
Credit Suisse
Switzerland
-$3.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
NEAM
26
New England Asset Management
Connecticut
$1.23M – – –
TNBTD
27
Trustmark National Bank Trust Department
Mississippi
$1.16M +$380K +13,826 +48%
CS
28
Credit Suisse
Switzerland
$1.09M -$3.71M -134,845 -77%
FIM
29
Freedom Investment Management
Connecticut
$1.03M -$155K -5,622 -13%
SF
30
Synovus Financial
Georgia
$994K – – –
ACM
31
Avalon Capital Management
California
$966K -$5.5K -200 -0.6%
GEM
32
Global Endowment Management
North Carolina
$685K – – –
PFA
33
Paradigm Financial Advisors
Missouri
$626K +$631K +22,941 New
PWM
34
ParenteBeard Wealth Management
Pennsylvania
$583K -$141K -5,142 -19%
Janney Montgomery Scott
35
Janney Montgomery Scott
Pennsylvania
$578K -$62.3K -2,264 -10%
SMM
36
Stadion Money Management
Georgia
$558K +$4.67K +170 +0.8%
KFS
37
KMS Financial Services
Washington
$498K -$247 -9 -0%
WS
38
Wedbush Securities
California
$429K +$43.2K +1,570 +11%
BA
39
Boston Advisors
Massachusetts
$404K -$1.6M -58,313 -80%
OIA
40
Optimum Investment Advisors
Illinois
$396K -$231K -8,415 -37%
PAG
41
Private Advisor Group
New Jersey
$351K +$354K +12,857 New
PI
42
Placemark Investments
Illinois
$346K +$348K +12,672 New
CAN
43
Cetera Advisor Networks
California
$344K +$3.11K +113 +0.9%
VC
44
Vicus Capital
Pennsylvania
$336K -$45K -1,635 -12%
VKH
45
Virtu KCG Holdings
New York
$311K -$61.9K -2,251 -17%
MP
46
Manifold Partners
California
$304K +$306K +11,129 New
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$287K +$290K +10,534 New
IH
48
IFC Holdings
Florida
$286K -$6.38K -232 -2%
ECM
49
Evergreen Capital Management
Washington
$274K -$5.67M -206,315 -95%
WT
50
Whittier Trust
California
$237K -$13.7K -500 -5%
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BAB Hedge Fund Activity: Q4 2013 in Review

72 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2013, worth a combined $203M — down 18% from $249M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new BAB positions and 9 closed out — a net gain of 3 holders — while 18 added to existing stakes and 34 trimmed.

The largest buyer was Haverford Trust Company, opening a new position worth an estimated $9.62M. The largest seller was Bank of America, cutting an estimated $16.1M.

  • 72 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2013, up from 71 in Q3 2013.
  • Funds reported $203M of Invesco Taxable Municipal Bond ETF stock for Q4 2013, down 18% quarter-over-quarter.
  • 12 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2013 and 9 closed out, a net change of +3 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2013 was Haverford Trust Company, an estimated $9.62M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q4 2013 was Bank of America, an estimated $16.1M sold.

Based on aggregated 13F filings for Q4 2013.