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Invesco Taxable Municipal Bond ETF
BAB

197 hedge funds and large institutions have $677M invested in Invesco Taxable Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 62 increasing their positions, 67 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 12

20% more capital invested

Capital invested by funds: $564M → $677M (+$113M)

9% more funds holding

Funds holding: 180 → 197 (+17)

5.03% more ownership

Funds ownership: 61.01% → 66.05% (+5%)

7% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 67

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
197
Holders Change
+17
Holders Change %
+9.44%
% of All Funds
2.4%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.05%
New
30
Increased
62
Reduced
67
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAS
Annex Advisory Services
Wisconsin
+$83.8M
2
Morgan Stanley
Morgan Stanley
New York
+$7.52M
3
Ameriprise
Ameriprise
Minnesota
+$3.98M
4
Corient Private Wealth
Corient Private Wealth
Florida
+$3.48M
5
AWM
AE Wealth Management
Kansas
+$2.33M

Top Sellers

1
HFA
Hershey Financial Advisers
Pennsylvania
-$3.53M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.33M
3
Bank of America
Bank of America
North Carolina
-$1.11M
4
MOS
MGO One Seven
Ohio
-$755K
5
UBS Group
UBS Group
Switzerland
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWMG
51
Signature Wealth Management Group
Georgia
$2.2M -$17.3K -632 -0.8%
OIA
52
OneDigital Investment Advisors
Kansas
$2.2M +$2.21M +80,748 New
Cambridge Investment Research Advisors
53
Cambridge Investment Research Advisors
Iowa
$2.01M +$30K +1,097 +2%
TT
54
TI-Trust
Illinois
$2M – – –
PI
55
PFG Investments
New York
$1.99M +$273K +9,985 +16%
KLCM
56
KG&L Capital Management
Louisiana
$1.83M -$26.6K -972 -1%
MML Investors Services
57
MML Investors Services
Massachusetts
$1.82M +$8.37K +306 +0.5%
SFB
58
STAR Financial Bank
Indiana
$1.78M +$35.5K +1,299 +2%
P
59
&Partners
Tennessee
$1.51M +$1.2K +44 +0.1%
PFA
60
Petra Financial Advisors
Colorado
$1.48M +$82 +3 +0%
AA
61
Advisory Alpha
Michigan
$1.47M -$1.07K -39 -0.1%
NA
62
NewEdge Advisors
Louisiana
$1.4M -$57.1K -2,087 -4%
WIA
63
World Investment Advisors
California
$1.31M +$565K +20,673 +75%
EBWM
64
Eagle Bluffs Wealth Management
Missouri
$1.3M +$87.4K +3,197 +7%
RGC
65
Roberts, Glore & Co
Illinois
$1.25M -$31.9K -1,167 -2%
JP Morgan Chase
66
JP Morgan Chase
New York
$1.16M -$114K -4,184 -9%
FLI
67
Family Legacy Inc
South Carolina
$1.13M -$40.5K -1,480 -3%
BNP Paribas Financial Markets
68
BNP Paribas Financial Markets
France
$1.12M +$12.8K +468 +1%
CFG
69
Chapman Financial Group
Hawaii
$1.11M +$544K +19,875 +95%
SSA
70
SSA Swiss Advisors
$1.08M -$303K -11,086 -22%
MWM
71
Modern Wealth Management
Kansas
$1.06M -$23.2K -847 -2%
TI
72
Tidal Investments
Wisconsin
$1.05M -$151K -5,519 -12%
KAS
73
Kestra Advisory Services
Texas
$927K -$354K -12,939 -28%
SAI
74
Savvy Advisors Inc
New York
$891K -$7.66K -280 -0.8%
GSEP
75
Golden State Equity Partners
California
$848K +$852K +31,168 New
1 2
3
4 5

BAB Hedge Fund Activity: Q4 2025 in Review

197 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2025, worth a combined $677M — up 20% from $564M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new BAB positions and 12 closed out — a net gain of 18 holders — while 62 added to existing stakes and 67 trimmed.

The largest buyer was Annex Advisory Services, opening a new position worth an estimated $83.8M. The largest seller was Hershey Financial Advisers, exiting entirely with an estimated $3.53M sold.

  • 197 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2025, up from 180 in Q3 2025.
  • Funds reported $677M of Invesco Taxable Municipal Bond ETF stock for Q4 2025, up 20% quarter-over-quarter.
  • 30 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2025 and 12 closed out, a net change of +18 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2025 was Annex Advisory Services, an estimated $83.8M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q4 2025 was Hershey Financial Advisers, an estimated $3.53M sold.

Based on aggregated 13F filings for Q4 2025.