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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
CCG
76
Chatham Capital Group
Georgia
$235K – – –
Lazard Asset Management
77
Lazard Asset Management
New York
$234K – – –
IWMPD
78
Integrated Wealth Management (Palm Desert)
California
$233K -$3.8K -130 -2%
LPIC
79
LeJeune Puetz Investment Counsel
Michigan
$226K +$225K +7,700 New
IH
80
IFC Holdings
Florida
$220K – – –
WT
81
Whittier Trust
California
$217K – – –
IA
82
IFP Advisors
Florida
$214K +$117 +4 +0.1%
HFS
83
Haverford Financial Services
Pennsylvania
$214K +$3.65K +125 +2%
FHA
84
Flagship Harbor Advisors
Massachusetts
$209K – – –
PFA
85
Paradigm Financial Advisors
Missouri
$207K -$10.3K -352 -5%
GFPC
86
Global Financial Private Capital
Florida
$207K +$206K +7,047 New
CCM
87
Coldstream Capital Management
Washington
$201K +$200K +6,850 New
JP Morgan Chase
88
JP Morgan Chase
New York
$200K -$131K -4,466 -40%
BWP
89
Baldwin Wealth Partners
Massachusetts
$159K -$40.5K -1,385 -20%
SF
90
Synovus Financial
Georgia
$145K – – –
Fifth Third Bancorp
91
Fifth Third Bancorp
Ohio
$125K +$42.3K +1,447 +51%
Creative Planning
92
Creative Planning
Kansas
$123K +$98.7K +3,377 +413%
SEIA
93
Signature Estate & Investment Advisors
California
$117K +$117K +4,000 New
PB
94
Pinnacle Bancorp
Nebraska
$112K +$111K +3,800 New
FWM
95
Focused Wealth Management
New York
$81K – – –
Thrivent Financial for Lutherans
96
Thrivent Financial for Lutherans
Minnesota
$72K – – –
AssetMark Inc
97
AssetMark Inc
California
$59K +$58.5K +2,000 New
PSC
98
Prentiss Smith & Co
Vermont
$43K – – –
ASN
99
Advisory Services Network
Georgia
$38K +$37.8K +1,294 New
VCM
100
Versant Capital Management
Arizona
$28K +$292 +10 +1%
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.