Invesco Taxable Municipal Bond ETF
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$15.4M |
| 2 |
Morgan Stanley
New York
|
+$14.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$8.59M |
| 4 |
LPL Financial
San Diego,
California
|
+$6.36M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$5.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$1.4M |
| 2 |
NEAM
New England Asset Management
Farmington,
Connecticut
|
-$1.3M |
| 3 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$965K |
| 4 |
CWM
Cabot Wealth Management
Salem,
Massachusetts
|
-$931K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$701K |
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.