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Invesco Taxable Municipal Bond ETF
BAB

96 hedge funds and large institutions have $248M invested in Invesco Taxable Municipal Bond ETF in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 29 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

17% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 29

4% more funds holding

Funds holding: 92 → 96 (+4)

1% more capital invested

Capital invested by funds: $247M → $248M (+$1.32M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.44% less ownership

Funds ownership: 37.37% → 36.93% (-0.44%)

Holders
96
Holders Change
+4
Holders Change %
+4.35%
% of All Funds
2.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
34
Reduced
29
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$4.48M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.51M
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$2.08M
4
MIM
Marco Investment Management
Georgia
+$1.2M
5
UBS Group
UBS Group
Switzerland
+$1.09M

Top Sellers

1
MWM
Merriman Wealth Management
Washington
-$5.85M
2
Morgan Stanley
Morgan Stanley
New York
-$4.03M
3
Bank of America
Bank of America
North Carolina
-$2.36M
4
Wells Fargo
Wells Fargo
California
-$1.37M
5
SMM
Stadion Money Management
Georgia
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIM
26
Marco Investment Management
Georgia
$1.19M +$1.2M +41,174 New
YP
27
Yellowstone Partners
Idaho
$1.15M -$269K -9,227 -19%
TIM
28
Tortoise Investment Management
New York
$1.1M +$502K +17,240 +83%
KCM
29
Karp Capital Management
California
$1.03M +$1.02M +35,100 +9,887%
KAM
30
Keeley Asset Management
Illinois
$965K – – –
UCFA
31
United Capital Financial Advisors
Texas
$878K – – –
HFS
32
Haverford Financial Services
Pennsylvania
$840K -$3.76K -129 -0.4%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$793K +$24.7K +847 +3%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$773K +$60.9K +2,091 +9%
AFP
35
Ausdal Financial Partners
Iowa
$645K +$648K +22,262 New
SS
36
Simplicity Solutions
Minnesota
$621K +$623K +21,416 New
OIA
37
Optimum Investment Advisors
Illinois
$573K – – –
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$573K +$230K +7,910 +67%
M&T Bank
39
M&T Bank
New York
$558K -$114K -3,904 -17%
WS
40
Wedbush Securities
California
$512K -$35.1K -1,205 -6%
AA
41
Advisory Alpha
Michigan
$506K +$462K +15,883 +1,003%
MFS
42
MSI Financial Services
Massachusetts
$479K +$291K +9,983 +153%
WPIC
43
White Pine Investment Company
Michigan
$477K +$154K +5,305 +48%
Ameriprise
44
Ameriprise
Minnesota
$471K +$26.9K +923 +6%
BA
45
Boston Advisors
Massachusetts
$444K – – –
TNBTD
46
Trustmark National Bank Trust Department
Mississippi
$434K – – –
CAM
47
Caprin Asset Management
Virginia
$429K +$431K +14,793 New
FWM
48
Focused Wealth Management
New York
$421K +$423K +14,525 New
CAN
49
Cetera Advisor Networks
California
$402K – – –
VC
50
Vicus Capital
Pennsylvania
$398K – – –
1
2
3 4 5

BAB Hedge Fund Activity: Q4 2015 in Review

96 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2015, worth a combined $248M — up 0.53% from $247M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BAB positions and 10 closed out — a net gain of 4 holders — while 34 added to existing stakes and 29 trimmed.

The largest buyer was LPL Financial, adding an estimated $4.48M. The largest seller was Merriman Wealth Management, exiting entirely with an estimated $5.85M sold.

  • 96 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2015, up from 92 in Q3 2015.
  • Funds reported $248M of Invesco Taxable Municipal Bond ETF stock for Q4 2015, up 0.53% quarter-over-quarter.
  • 14 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2015 and 10 closed out, a net change of +4 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2015 was LPL Financial, an estimated $4.48M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q4 2015 was Merriman Wealth Management, an estimated $5.85M sold.

Based on aggregated 13F filings for Q4 2015.