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Invesco Taxable Municipal Bond ETF
BAB

78 hedge funds and large institutions have $232M invested in Invesco Taxable Municipal Bond ETF in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

38% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 21

14% more capital invested

Capital invested by funds: $203M → $232M (+$29.2M)

8% more funds holding

Funds holding: 72 → 78 (+6)

1.56% more ownership

Funds ownership: 33.71% → 35.27% (+1.6%)

Holders
78
Holders Change
+6
Holders Change %
+8.33%
% of All Funds
2.25%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
13
Increased
29
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NCM
Niemann Capital Management
Nevada
+$7.52M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.8M
3
CCG
Chatham Capital Group
Georgia
+$5.26M
4
Bank of America
Bank of America
North Carolina
+$1.55M
5
BTS
BB&T Securities
Virginia
+$943K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$6.48M
2
Citigroup
Citigroup
New York
-$3.32M
3
Jane Street
Jane Street
New York
-$2.64M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.99M
5
BIT
BlackRock Institutional Trust
California
-$1.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
51
Astor Investment Management
Illinois
$300K +$294K +10,431 New
ECM
52
Evergreen Capital Management
Washington
$288K – – –
VC
53
Vicus Capital
Pennsylvania
$265K -$86.8K -3,077 -25%
UCFA
54
United Capital Financial Advisors
Texas
$254K +$250K +8,850 New
G
55
GlobalBridge
Minnesota
$249K +$20.7K +733 +9%
WT
56
Whittier Trust
California
$247K -$2.82K -100 -1%
WTC
57
WhitTier Trust Company
Nevada
$238K – – –
OC
58
Oppenheimer & Co
New York
$232K +$228K +8,068 New
Lazard Asset Management
59
Lazard Asset Management
New York
$230K – – –
CFSG
60
Community Financial Services Group
Vermont
$218K +$214K +7,600 New
FC
61
FIC Capital
New York
$215K – – –
AIG
62
American International Group
New York
$203K +$5.64K +200 +3%
1IC
63
1919 Investment Counsel
Maryland
$176K – – –
NES
64
New England Securities
New York
$142K +$52.8K +1,870 +61%
BPBT
65
Boston Private Bank & Trust
Massachusetts
$133K – – –
US Bancorp
66
US Bancorp
Minnesota
$104K – – –
Creative Planning
67
Creative Planning
Kansas
$69K -$7.05K -250 -9%
Envestnet Asset Management
68
Envestnet Asset Management
Illinois
$68K +$66.6K +2,361 New
TWA
69
TCI Wealth Advisors
Arizona
$67K +$846 +30 +1%
Citigroup
70
Citigroup
New York
$43K -$3.32M -117,654 -99%
Bank of Montreal
71
Bank of Montreal
Ontario, Canada
$24K – – –
MFS
72
MSI Financial Services
Massachusetts
$17K – – –
PSI
73
Pinnacle Summer Investments
Virginia
$17K – – –
Fifth Third Bancorp
74
Fifth Third Bancorp
Ohio
$14K – – –
Northwestern Mutual Wealth Management
75
Northwestern Mutual Wealth Management
Wisconsin
$12K +$11.4K +405 New
1 2
3
4

BAB Hedge Fund Activity: Q1 2014 in Review

78 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2014, worth a combined $232M — up 14% from $203M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BAB positions and 7 closed out — a net gain of 6 holders — while 29 added to existing stakes and 21 trimmed.

The largest buyer was Niemann Capital Management, opening a new position worth an estimated $7.52M. The largest seller was Morgan Stanley, cutting an estimated $6.48M.

  • 78 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2014, up from 72 in Q4 2013.
  • Funds reported $232M of Invesco Taxable Municipal Bond ETF stock for Q1 2014, up 14% quarter-over-quarter.
  • 13 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2014 and 7 closed out, a net change of +6 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2014 was Niemann Capital Management, an estimated $7.52M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2014 was Morgan Stanley, an estimated $6.48M sold.

Based on aggregated 13F filings for Q1 2014.