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Invesco Taxable Municipal Bond ETF
BAB

107 hedge funds and large institutions have $337M invested in Invesco Taxable Municipal Bond ETF in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 41 increasing their positions, 29 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 7

41% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 29

36% more capital invested

Capital invested by funds: $248M → $337M (+$88.6M)

11% more funds holding

Funds holding: 96 → 107 (+11)

3.24% more ownership

Funds ownership: 36.93% → 40.17% (+3.2%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
107
Holders Change
+11
Holders Change %
+11.46%
% of All Funds
2.85%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
19
Increased
41
Reduced
29
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$15.4M
2
Morgan Stanley
Morgan Stanley
New York
+$14.6M
3
Invesco
Invesco
Georgia
+$8.59M
4
LPL Financial
LPL Financial
California
+$6.36M
5
RJA
Raymond James & Associates
Florida
+$5.17M

Top Sellers

Rank Fund Capital Flow
1
ACM
Avalon Capital Management
California
-$1.4M
2
NEAM
New England Asset Management
Connecticut
-$1.3M
3
KAM
Keeley Asset Management
Illinois
-$965K
4
CWM
Cabot Wealth Management
Massachusetts
-$931K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$701K
Name Holding Trade Value Shares
Change 		Change in
Stake
TNBTD
26
Trustmark National Bank Trust Department
Mississippi
$1.63M +$1.17M +39,059 +261%
BTS
27
BB&T Securities
Virginia
$1.59M -$75.2K -2,519 -5%
AIG
28
American International Group
New York
$1.57M +$1.25M +41,837 +415%
ECM
29
Exchange Capital Management
Michigan
$1.4M -$54.1K -1,810 -4%
TIM
30
Tortoise Investment Management
New York
$1.39M +$241K +8,070 +21%
AA
31
Advisory Alpha
Michigan
$1.34M +$800K +26,784 +153%
YP
32
Yellowstone Partners
Idaho
$1.24M +$48.4K +1,620 +4%
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$1M +$197K +6,611 +25%
JG
34
Jefferies Group
New York
$973K +$962K +32,213 New
SAM
35
Stringer Asset Management
Tennessee
$942K +$932K +31,210 New
KCM
36
Karp Capital Management
California
$938K -$131K -4,375 -12%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$930K +$103K +3,452 +13%
UCFA
38
United Capital Financial Advisors
Texas
$914K – – –
AI
39
Atria Investments
North Carolina
$887K +$524K +17,557 +148%
WA
40
WESPAC Advisors
California
$874K +$865K +28,948 New
HFS
41
Haverford Financial Services
Pennsylvania
$858K -$17.2K -577 -2%
BWM
42
BerganKDV Wealth Management
Minnesota
$818K +$809K +27,088 New
CWM
43
Cabot Wealth Management
Massachusetts
$787K -$931K -31,182 -54%
MFS
44
MSI Financial Services
Massachusetts
$688K +$187K +6,270 +38%
RJFSA
45
Raymond James Financial Services Advisors
Florida
$683K -$701K -23,462 -51%
BA
46
Boston Advisors
Massachusetts
$683K +$219K +7,325 +48%
AFP
47
Ausdal Financial Partners
Iowa
$667K -$4.54K -152 -0.7%
Stifel Financial
48
Stifel Financial
Missouri
$665K +$352K +11,776 +114%
Commonwealth Equity Services
49
Commonwealth Equity Services
Massachusetts
$629K +$32K +1,072 +5%
OIA
50
Optimum Investment Advisors
Illinois
$597K – – –
1
2
3 4 5

BAB Hedge Fund Activity: Q1 2016 in Review

107 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2016, worth a combined $337M — up 36% from $248M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new BAB positions and 7 closed out — a net gain of 12 holders — while 41 added to existing stakes and 29 trimmed.

The largest buyer was Wells Fargo, adding an estimated $15.4M. The largest seller was Avalon Capital Management, exiting entirely with an estimated $1.4M sold.

  • 107 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2016, up from 96 in Q4 2015.
  • Funds reported $337M of Invesco Taxable Municipal Bond ETF stock for Q1 2016, up 36% quarter-over-quarter.
  • 19 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2016 and 7 closed out, a net change of +12 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2016 was Wells Fargo, an estimated $15.4M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2016 was Avalon Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q1 2016.