Invesco Taxable Municipal Bond ETF
71 hedge funds and large institutions have $249M invested in Invesco Taxable Municipal Bond ETF in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 34 reducing their positions, and 14 closing their positions.
0% more ownership
Funds ownership: 35.63% → 35.63% (+0%)
9% less funds holding
Funds holding: 78 → 71 (-7)
27% less capital invested
Capital invested by funds: $340M → $249M (-$90.9M)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
50% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 34
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.03M |
| 2 |
Citigroup
New York
|
+$2.7M |
| 3 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$1.76M |
| 4 |
SCG
Strategic Capital Group
Gig Harbor,
Washington
|
+$1.74M |
| 5 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$19.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$16.9M |
| 3 |
HTC
Haverford Trust Company
Radnor,
Pennsylvania
|
-$9.83M |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$7.23M |
| 5 |
KeyBank National Association
Cleveland,
Ohio
|
-$5.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LPT
76
Legacy Private Trust
Neenah,
Wisconsin
| – | -$1.33M | -47,335 | Closed |
|
77
Nomura Holdings
Tokyo,
Japan
| – | -$1.2M | -42,678 | Closed |
|
|
BTS
78
BB&T Securities
Richmond,
Virginia
| – | -$8.37K | -29,695 | Closed |
|
|
RJFSA
79
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$613K | -21,741 | Closed |
|
80
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$566K | -20,078 | Closed |
|
81
JP Morgan Chase
New York
| – | -$564K | -20,014 | Closed |
|
|
WA
82
WFG Advisors
Dallas,
Texas
| – | -$354K | -12,548 | Closed |
|
|
PI
83
Placemark Investments
Chicago,
Illinois
| – | -$309K | -10,935 | Closed |
|
|
JFGIW
84
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$22K | -787 | Closed |
|
|
RIA
85
Regal Investment Advisors
Kentwood,
Michigan
| – | -$17K | -609 | Closed |
|
86
Creative Planning
Overland Park,
Kansas
| – | -$14K | -482 | Closed |
|
87
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$5K | -197 | Closed |
|
BAB Hedge Fund Activity: Q3 2013 in Review
71 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2013, worth a combined $249M — down 27% from $340M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BAB and 8 opened new positions — a net loss of 6 holders — while 34 trimmed existing stakes and 17 added.
The largest buyer was Susquehanna International Group, adding an estimated $5.03M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $19.4M sold.
- 71 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2013, down from 78 in Q2 2013.
- Funds reported $249M of Invesco Taxable Municipal Bond ETF stock for Q3 2013, down 27% quarter-over-quarter.
- 8 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2013 and 14 closed out, a net change of -6 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2013 was Susquehanna International Group, an estimated $5.03M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q3 2013 was Karpus Investment Management, an estimated $19.4M sold.
Based on aggregated 13F filings for Q3 2013.