Invesco Taxable Municipal Bond ETF
111 hedge funds and large institutions have $355M invested in Invesco Taxable Municipal Bond ETF in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 40 increasing their positions, 34 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 34
0.32% more ownership
Funds ownership: 35.93% → 36.25% (+0.32%)
4% less funds holding
Funds holding: 116 → 111 (-5)
9% less capital invested
Capital invested by funds: $389M → $355M (-$34.3M)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
+$12.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.91M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.39M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$3.86M |
| 5 |
Jane Street
New York
|
+$2.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$14.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$5.62M |
| 3 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$5.28M |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
-$5.07M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.78M |
BAB Hedge Fund Activity: Q4 2016 in Review
111 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2016, worth a combined $355M — down 8.8% from $389M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BAB and 13 opened new positions — a net loss of 2 holders — while 34 trimmed existing stakes and 40 added.
The largest buyer was Wolverine Trading, adding an estimated $12.7M. The largest seller was Morgan Stanley, cutting an estimated $14.5M.
- 111 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2016, down from 116 in Q3 2016.
- Funds reported $355M of Invesco Taxable Municipal Bond ETF stock for Q4 2016, down 8.8% quarter-over-quarter.
- 13 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2016 and 15 closed out, a net change of -2 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2016 was Wolverine Trading, an estimated $12.7M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q4 2016 was Morgan Stanley, an estimated $14.5M sold.
Based on aggregated 13F filings for Q4 2016.