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Invesco Taxable Municipal Bond ETF
BAB

115 hedge funds and large institutions have $350M invested in Invesco Taxable Municipal Bond ETF in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 48 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

4% more funds holding

Funds holding: 111 → 115 (+4)

0.2% more ownership

Funds ownership: 36.25% → 36.45% (+0.2%)

1% less capital invested

Capital invested by funds: $355M → $350M (-$4.76M)

31% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 48

Holders
115
Holders Change
+4
Holders Change %
+3.6%
% of All Funds
2.86%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
14
Increased
33
Reduced
48
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJFSA
Raymond James Financial Services Advisors
Florida
+$8M
2
Wolverine Trading
Wolverine Trading
Illinois
+$2.8M
3
OMC
Old Mission Capital
Illinois
+$2.34M
4
Bank of America
Bank of America
North Carolina
+$2.11M
5
ACA
Anchor Capital Advisors
Massachusetts
+$1.7M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$7.26M
2
Wells Fargo
Wells Fargo
California
-$5.7M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$5.7M
4
NC
NewSquare Capital
Pennsylvania
-$2.95M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
ICOA
51
Investment Centers of America
North Dakota
$501K -$152K -5,211 -23%
PAG
52
Private Advisor Group
New Jersey
$471K -$22.7K -777 -5%
CWM
53
Cabot Wealth Management
Massachusetts
$448K -$36.7K -1,255 -8%
AW
54
ACG Wealth
Georgia
$438K -$10.8K -371 -2%
OC
55
Oppenheimer & Co
New York
$425K +$118K +4,022 +38%
Stifel Financial
56
Stifel Financial
Missouri
$411K -$109K -3,729 -21%
AG
57
Advisor Group
Arizona
$392K -$114K -3,882 -23%
NEAM
58
New England Asset Management
Connecticut
$338K – – –
FHC
59
First Heartland Consultants
Missouri
$323K -$28K -958 -8%
SPC
60
Sigma Planning Corp
Michigan
$310K -$49.9K -1,706 -14%
WTC
61
WhitTier Trust Company
Nevada
$294K – – –
GW
62
GW & Wade
Massachusetts
$294K +$409 +14 +0.1%
LWAC
63
Laurel Wealth Advisors (California)
California
$285K -$15.2K -521 -5%
FA
64
Fagan Associates
New York
$274K -$3.42K -117 -1%
ACP
65
Ashfield Capital Partners
California
$274K – – –
VC
66
Vicus Capital
Pennsylvania
$267K -$12.6K -431 -5%
NEIRG
67
New England Investment & Retirement Group
Massachusetts
$265K +$9.21K +315 +4%
PAS
68
Partnervest Advisory Services
California
$262K -$539K -18,449 -67%
AI
69
Atria Investments
North Carolina
$257K -$326K -11,135 -56%
Citigroup
70
Citigroup
New York
$255K -$42.6K -1,457 -14%
First Trust Advisors
71
First Trust Advisors
Illinois
$250K -$45.6K -1,561 -15%
IFA
72
Interactive Financial Advisors
Illinois
$249K -$4.24K -145 -2%
WEC
73
Winslow Evans & Crocker
Massachusetts
$242K – – –
DADC
74
D.A. Davidson & Co
Montana
$240K +$81.9K +2,800 +52%
CAM
75
Caprin Asset Management
Virginia
$239K -$53.1K -1,815 -18%
1 2
3
4 5

BAB Hedge Fund Activity: Q1 2017 in Review

115 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2017, worth a combined $350M — down 1.3% from $355M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BAB positions and 9 closed out — a net gain of 5 holders — while 33 added to existing stakes and 48 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $8M. The largest seller was Morgan Stanley, cutting an estimated $7.26M.

  • 115 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2017, up from 111 in Q4 2016.
  • Funds reported $350M of Invesco Taxable Municipal Bond ETF stock for Q1 2017, down 1.3% quarter-over-quarter.
  • 14 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2017 and 9 closed out, a net change of +5 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2017 was Raymond James Financial Services Advisors, an estimated $8M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2017 was Morgan Stanley, an estimated $7.26M sold.

Based on aggregated 13F filings for Q1 2017.