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Invesco Taxable Municipal Bond ETF
BAB

88 hedge funds and large institutions have $319M invested in Invesco Taxable Municipal Bond ETF in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 28 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

14% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 28

13% more capital invested

Capital invested by funds: $283M → $319M (+$36.3M)

3.39% more ownership

Funds ownership: 36.97% → 40.36% (+3.4%)

0% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 12

3% less funds holding

Funds holding: 91 → 88 (-3)

Holders
88
Holders Change
-3
Holders Change %
-3.3%
% of All Funds
2.35%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
12
Increased
32
Reduced
28
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ACM
Aviance Capital Management
Florida
+$34.1M
2
Morgan Stanley
Morgan Stanley
New York
+$5.19M
3
UBS Group
UBS Group
Switzerland
+$4.34M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.21M
5
VKH
Virtu KCG Holdings
New York
+$2.93M

Top Sellers

Rank Fund Capital Flow
1
BTS
BB&T Securities
Virginia
-$14.5M
2
TIM
Tortoise Investment Management
New York
-$2.78M
3
MP
Manifold Partners
California
-$1.14M
4
AI
Atria Investments
North Carolina
-$856K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$840K
Name Holding Trade Value Shares
Change 		Change in
Stake
TNBTD
26
Trustmark National Bank Trust Department
Mississippi
$1.63M -$236K -7,745 -13%
YP
27
Yellowstone Partners
Idaho
$1.62M +$150K +4,912 +10%
ECM
28
Exchange Capital Management
Michigan
$1.56M +$83K +2,723 +6%
NEAM
29
New England Asset Management
Connecticut
$1.37M – – –
OC
30
Oppenheimer & Co
New York
$1.3M +$10K +329 +0.8%
AP
31
Advisors Preferred
Maryland
$1.1M -$354K -11,600 -24%
BW
32
Bison Wealth
Georgia
$1M +$1.01M +33,002 New
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$875K +$335K +10,990 +62%
SMM
34
Stadion Money Management
Georgia
$842K -$90.6K -2,970 -10%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$808K +$811K +26,610 New
SIA
36
Stancorp Investment Advisers
Oregon
$797K – – –
Janney Montgomery Scott
37
Janney Montgomery Scott
Pennsylvania
$729K +$27.6K +905 +4%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$714K +$131K +4,300 +22%
SAM
39
Stringer Asset Management
Tennessee
$681K +$231K +7,592 +51%
OIA
40
Optimum Investment Advisors
Illinois
$600K -$371K -12,180 -38%
WS
41
Wedbush Securities
California
$596K -$16.5K -540 -3%
M&T Bank
42
M&T Bank
New York
$515K -$31.9K -1,046 -6%
BA
43
Boston Advisors
Massachusetts
$483K – – –
TIM
44
Tortoise Investment Management
New York
$465K -$2.78M -91,318 -86%
CAN
45
Cetera Advisor Networks
California
$450K -$1.22K -40 -0.3%
PFA
46
Paradigm Financial Advisors
Missouri
$433K – – –
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$418K -$23.8K -781 -5%
MFS
48
MSI Financial Services
Massachusetts
$415K +$249K +8,174 +148%
GW
49
GW & Wade
Massachusetts
$406K +$408K +13,379 New
PAG
50
Private Advisor Group
New Jersey
$405K +$66.5K +2,180 +20%
1
2
3 4

BAB Hedge Fund Activity: Q1 2015 in Review

88 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2015, worth a combined $319M — up 13% from $283M a quarter earlier.

Fund positioning in BAB was balanced in Q1 2015: 12 funds opened new positions, 12 closed out, 32 added to existing stakes and 28 trimmed.

The largest buyer was Aviance Capital Management, adding an estimated $34.1M. The largest seller was BB&T Securities, exiting entirely with an estimated $14.5M sold.

  • 88 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2015, down from 91 in Q4 2014.
  • Funds reported $319M of Invesco Taxable Municipal Bond ETF stock for Q1 2015, up 13% quarter-over-quarter.
  • 12 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2015 and 12 closed out, a net change of 0 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2015 was Aviance Capital Management, an estimated $34.1M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2015 was BB&T Securities, an estimated $14.5M sold.

Based on aggregated 13F filings for Q1 2015.