Invesco Taxable Municipal Bond ETF
82 hedge funds and large institutions have $247M invested in Invesco Taxable Municipal Bond ETF in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 11 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
1% less capital invested
Capital invested by funds: $249M → $247M (-$1.98M)
1.09% less ownership
Funds ownership: 35.45% → 34.36% (-1.1%)
4% less funds holding
Funds holding: 85 → 82 (-3)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$5.51M |
| 2 |
Morgan Stanley
New York
|
+$4.73M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.49M |
| 4 |
MP
Manifold Partners
San Francisco,
California
|
+$1.57M |
| 5 |
KeyBank National Association
Cleveland,
Ohio
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Niemann Capital Management
Stateline,
Nevada
|
-$6M |
| 2 |
CCG
Chatham Capital Group
Savannah,
Georgia
|
-$5.44M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.35M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.62M |
| 5 |
Jane Street
New York
|
-$3.11M |
BAB Hedge Fund Activity: Q3 2014 in Review
82 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2014, worth a combined $247M — down 0.8% from $249M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BAB and 9 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 32 added.
The largest buyer was PNC Financial Services Group, adding an estimated $5.51M. The largest seller was Niemann Capital Management, exiting entirely with an estimated $6M sold.
- 82 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2014, down from 85 in Q2 2014.
- Funds reported $247M of Invesco Taxable Municipal Bond ETF stock for Q3 2014, down 0.8% quarter-over-quarter.
- 9 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2014 and 11 closed out, a net change of -2 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2014 was PNC Financial Services Group, an estimated $5.51M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q3 2014 was Niemann Capital Management, an estimated $6M sold.
Based on aggregated 13F filings for Q3 2014.