Invesco Taxable Municipal Bond ETF
113 hedge funds and large institutions have $337M invested in Invesco Taxable Municipal Bond ETF in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 42 reducing their positions, and 12 closing their positions.
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
4% less capital invested
Capital invested by funds: $350M → $337M (-$13.1M)
10% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 42
1.65% less ownership
Funds ownership: 36.45% → 34.8% (-1.7%)
2% less funds holding
Funds holding: 115 → 113 (-2)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.62M |
| 2 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$1.67M |
| 3 |
Jane Street
New York
|
+$1.33M |
| 4 |
Goldman Sachs
New York
|
+$1.23M |
| 5 |
HTC
Haverford Trust Company
Radnor,
Pennsylvania
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
-$15.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.86M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.69M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$2.35M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.31M |
BAB Hedge Fund Activity: Q2 2017 in Review
113 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q2 2017, worth a combined $337M — down 3.7% from $350M a quarter earlier.
Fund positioning in BAB was balanced in Q2 2017: 12 funds opened new positions, 12 closed out, 38 added to existing stakes and 42 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.62M. The largest seller was Wolverine Trading, cutting an estimated $15.4M.
- 113 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q2 2017, down from 115 in Q1 2017.
- Funds reported $337M of Invesco Taxable Municipal Bond ETF stock for Q2 2017, down 3.7% quarter-over-quarter.
- 12 funds opened new Invesco Taxable Municipal Bond ETF positions in Q2 2017 and 12 closed out, a net change of 0 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q2 2017 was Wells Fargo, an estimated $4.62M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q2 2017 was Wolverine Trading, an estimated $15.4M sold.
Based on aggregated 13F filings for Q2 2017.