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Invesco Taxable Municipal Bond ETF
BAB

112 hedge funds and large institutions have $372M invested in Invesco Taxable Municipal Bond ETF in 2016 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 30

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

11% more capital invested

Capital invested by funds: $337M → $372M (+$35.5M)

5% more funds holding

Funds holding: 107 → 112 (+5)

0.84% less ownership

Funds ownership: 40.17% → 39.33% (-0.84%)

Holders
112
Holders Change
+5
Holders Change %
+4.67%
% of All Funds
2.99%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
16
Increased
44
Reduced
30
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$9.2M
2
Bank of America
Bank of America
North Carolina
+$7.85M
3
Wells Fargo
Wells Fargo
California
+$5.46M
4
BAAM
Baker Avenue Asset Management
California
+$4.78M
5
ACM
Avalon Capital Management
California
+$4.55M

Top Sellers

1
Invesco
Invesco
Georgia
-$8.98M
2
LPL Financial
LPL Financial
California
-$7.29M
3
LG
Leuthold Group
Minnesota
-$3.93M
4
Jane Street
Jane Street
New York
-$3.3M
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$2.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
Advisory Alpha
Michigan
$1.62M +$218K +7,120 +16%
LG
27
Leuthold Group
Minnesota
$1.49M -$3.93M -128,507 -73%
TIM
28
Tortoise Investment Management
New York
$1.37M -$84.6K -2,765 -6%
ECM
29
Exchange Capital Management
Michigan
$1.34M -$116K -3,778 -8%
Stifel Financial
30
Stifel Financial
Missouri
$1.32M +$607K +19,843 +90%
MIM
31
Marco Investment Management
Georgia
$1.3M – – –
YP
32
Yellowstone Partners
Idaho
$1.28M -$12.1K -396 -1%
WA
33
WESPAC Advisors
California
$1.24M +$323K +10,567 +37%
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$1.21M +$158K +5,181 +16%
AI
35
Atria Investments
North Carolina
$1.13M +$184K +6,031 +21%
KCM
36
Karp Capital Management
California
$1.07M +$92.1K +3,012 +10%
MFS
37
MSI Financial Services
Massachusetts
$1.07M +$345K +11,289 +50%
RJFSA
38
Raymond James Financial Services Advisors
Florida
$1.05M +$328K +10,712 +47%
CIBC World Market
39
CIBC World Market
Ontario, Canada
$1.04M -$1.51M -49,406 -60%
JG
40
Jefferies Group
New York
$1.01M – – –
BW
41
Bison Wealth
Georgia
$1M +$975K +31,872 New
BWM
42
BerganKDV Wealth Management
Minnesota
$978K +$121K +3,964 +15%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$958K -$11.7K -381 -1%
SAM
44
Stringer Asset Management
Tennessee
$943K -$39.1K -1,278 -4%
UCFA
45
United Capital Financial Advisors
Texas
$839K -$98.7K -3,228 -11%
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$775K +$115K +3,775 +18%
CWM
47
Cabot Wealth Management
Massachusetts
$745K -$73.7K -2,409 -9%
BA
48
Boston Advisors
Massachusetts
$725K +$12.2K +400 +2%
AFP
49
Ausdal Financial Partners
Iowa
$699K +$2.35K +77 +0.3%
Bank of New York Mellon
50
Bank of New York Mellon
New York
$666K +$648K +21,175 New
1
2
3 4 5

BAB Hedge Fund Activity: Q2 2016 in Review

112 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q2 2016, worth a combined $372M — up 11% from $337M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new BAB positions and 11 closed out — a net gain of 5 holders — while 44 added to existing stakes and 30 trimmed.

The largest buyer was UBS Group, adding an estimated $9.2M. The largest seller was Invesco, cutting an estimated $8.98M.

  • 112 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q2 2016, up from 107 in Q1 2016.
  • Funds reported $372M of Invesco Taxable Municipal Bond ETF stock for Q2 2016, up 11% quarter-over-quarter.
  • 16 funds opened new Invesco Taxable Municipal Bond ETF positions in Q2 2016 and 11 closed out, a net change of +5 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q2 2016 was UBS Group, an estimated $9.2M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q2 2016 was Invesco, an estimated $8.98M sold.

Based on aggregated 13F filings for Q2 2016.