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Invesco Taxable Municipal Bond ETF
BAB

124 hedge funds and large institutions have $487M invested in Invesco Taxable Municipal Bond ETF in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 53 increasing their positions, 30 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 30

34% more capital invested

Capital invested by funds: $363M → $487M (+$123M)

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

1.76% more ownership

Funds ownership: 41.61% → 43.36% (+1.8%)

2% more funds holding

Funds holding: 122 → 124 (+2)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
124
Holders Change
+2
Holders Change %
+1.64%
% of All Funds
2.69%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
13
Increased
53
Reduced
30
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$50.8M
2
BTS
BB&T Securities
Virginia
+$13.2M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$8.66M
4
SMFG
Sumitomo Mitsui Financial Group
Japan
+$7.97M
5
TNBTD
Trustmark National Bank Trust Department
Mississippi
+$5.45M

Top Sellers

Rank Fund Capital Flow
1
JPLA
Joseph P. Lucia & Associates
New York
-$26.1M
2
Bank of America
Bank of America
North Carolina
-$5.06M
3
RWA
Redhawk Wealth Advisors
Minnesota
-$4.56M
4
Morgan Stanley
Morgan Stanley
New York
-$1.53M
5
ACA
Atlas Capital Advisors
Wyoming
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
TIM
26
Tortoise Investment Management
New York
$3.11M +$559K +18,190 +23%
KC
27
Kingfisher Capital
North Carolina
$2.98M +$81.8K +2,663 +3%
PG
28
Patten Group
Tennessee
$2.83M +$294K +9,570 +12%
MML Investors Services
29
MML Investors Services
Massachusetts
$2.5M +$1.33M +43,147 +119%
Goldman Sachs
30
Goldman Sachs
New York
$2.31M +$825K +26,853 +58%
RGC
31
Roberts, Glore & Co
Illinois
$2.28M +$21.3K +694 +1%
JPLA
32
Joseph P. Lucia & Associates
New York
$2.19M -$26.1M -851,291 -92%
SWMG
33
Signature Wealth Management Group
Georgia
$2.15M +$19.3K +628 +0.9%
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$1.98M -$85.1K -2,772 -4%
GAM
35
Gould Asset Management
California
$1.82M +$41.2K +1,342 +2%
Renaissance Technologies
36
Renaissance Technologies
New York
$1.71M +$1.25M +40,600 +294%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$1.69M -$43.9K -1,429 -3%
TI
38
Tidal Investments
Wisconsin
$1.59M -$69K -2,248 -4%
CAN
39
Cetera Advisor Networks
California
$1.37M -$58.3K -1,900 -4%
PI
40
PFS Investments
Georgia
$1.13M +$78.7K +2,563 +8%
Stifel Financial
41
Stifel Financial
Missouri
$1.08M -$324K -10,562 -23%
AG
42
Advisor Group
Arizona
$1.05M +$140K +4,548 +16%
PAS
43
Partnervest Advisory Services
California
$982K +$117K +3,796 +14%
BWM
44
BerganKDV Wealth Management
Minnesota
$975K -$649K -21,128 -41%
HH
45
Hilltop Holdings
Texas
$970K -$1.94K -63 -0.2%
AFP
46
Ausdal Financial Partners
Iowa
$939K +$199K +6,487 +28%
MPWT
47
MassMutual Private Wealth & Trust
Connecticut
$926K +$403K +13,111 +80%
ACA
48
Anchor Capital Advisors
Massachusetts
$884K – – –
OMC
49
Old Mission Capital
Illinois
$876K +$637K +20,735 +291%
RA
50
Rational Advisors
New York
$854K +$95.9K +3,123 +13%
1
2
3 4 5

BAB Hedge Fund Activity: Q2 2019 in Review

124 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q2 2019, worth a combined $487M — up 34% from $363M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BAB positions and 10 closed out — a net gain of 3 holders — while 53 added to existing stakes and 30 trimmed.

The largest buyer was Invesco, adding an estimated $50.8M. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $26.1M.

  • 124 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q2 2019, up from 122 in Q1 2019.
  • Funds reported $487M of Invesco Taxable Municipal Bond ETF stock for Q2 2019, up 34% quarter-over-quarter.
  • 13 funds opened new Invesco Taxable Municipal Bond ETF positions in Q2 2019 and 10 closed out, a net change of +3 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q2 2019 was Invesco, an estimated $50.8M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q2 2019 was Joseph P. Lucia & Associates, an estimated $26.1M sold.

Based on aggregated 13F filings for Q2 2019.