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Invesco Taxable Municipal Bond ETF
BAB

124 hedge funds and large institutions have $487M invested in Invesco Taxable Municipal Bond ETF in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 53 increasing their positions, 30 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 30

34% more capital invested

Capital invested by funds: $363M → $487M (+$123M)

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

1.76% more ownership

Funds ownership: 41.61% → 43.36% (+1.8%)

2% more funds holding

Funds holding: 122 → 124 (+2)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
124
Holders Change
+2
Holders Change %
+1.64%
% of All Funds
2.69%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
13
Increased
53
Reduced
30
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$50.8M
2
BTS
BB&T Securities
Virginia
+$13.2M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$8.66M
4
SMFG
Sumitomo Mitsui Financial Group
Japan
+$7.97M
5
TNBTD
Trustmark National Bank Trust Department
Mississippi
+$5.45M

Top Sellers

Rank Fund Capital Flow
1
JPLA
Joseph P. Lucia & Associates
New York
-$26.1M
2
Bank of America
Bank of America
North Carolina
-$5.06M
3
RWA
Redhawk Wealth Advisors
Minnesota
-$4.56M
4
Morgan Stanley
Morgan Stanley
New York
-$1.53M
5
ACA
Atlas Capital Advisors
Wyoming
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
OIA
76
Optimum Investment Advisors
Illinois
$336K – – –
SAM
77
Stringer Asset Management
Tennessee
$332K +$324K +10,555 New
JP Morgan Chase
78
JP Morgan Chase
New York
$324K – – –
GW
79
GW & Wade
Massachusetts
$319K +$461 +15 +0.1%
LNC
80
Lincoln National Corp
Pennsylvania
$309K +$1.47K +48 +0.5%
HighTower Advisors
81
HighTower Advisors
Illinois
$291K +$285K +9,267 New
BNP Paribas Financial Markets
82
BNP Paribas Financial Markets
France
$281K +$24.2K +787 +10%
FHA
83
Flagship Harbor Advisors
Massachusetts
$279K +$20.5K +666 +8%
WS
84
Wedbush Securities
California
$270K +$3.84K +125 +1%
Lazard Asset Management
85
Lazard Asset Management
New York
$251K – – –
CAM
86
Caprin Asset Management
Virginia
$232K – – –
William Blair & Company
87
William Blair & Company
Illinois
$226K – – –
RFC
88
Regions Financial Corp
Alabama
$225K -$13.8K -449 -6%
FLI
89
Family Legacy Inc
South Carolina
$216K -$430 -14 -0.2%
WPSG
90
Wealth & Pension Services Group
Georgia
$208K -$6.17K -201 -3%
SBWM
91
Sunflower Bank Wealth Management
Arizona
$207K -$4.61K -150 -2%
FNBOSM
92
First National Bank of South Miami
Florida
$180K – – –
CFGS
93
Concourse Financial Group Securities
Alabama
$163K +$14.9K +485 +10%
BWP
94
Baldwin Wealth Partners
Massachusetts
$158K – – –
GWM
95
Geneos Wealth Management
Colorado
$132K – – –
PB
96
Pinnacle Bancorp
Nebraska
$119K – – –
WCG
97
Weaver Consulting Group
California
$108K – – –
PWP
98
Personal Wealth Partners
Minnesota
$84K +$82.5K +2,687 New
PCM
99
Penserra Capital Management
California
$83K +$81.7K +2,660 New
Carson Wealth (CWM LLC)
100
Carson Wealth (CWM LLC)
Nebraska
$76K – – –
2 3
4
5 6

BAB Hedge Fund Activity: Q2 2019 in Review

124 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q2 2019, worth a combined $487M — up 34% from $363M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new BAB positions and 10 closed out — a net gain of 3 holders — while 53 added to existing stakes and 30 trimmed.

The largest buyer was Invesco, adding an estimated $50.8M. The largest seller was Joseph P. Lucia & Associates, cutting an estimated $26.1M.

  • 124 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q2 2019, up from 122 in Q1 2019.
  • Funds reported $487M of Invesco Taxable Municipal Bond ETF stock for Q2 2019, up 34% quarter-over-quarter.
  • 13 funds opened new Invesco Taxable Municipal Bond ETF positions in Q2 2019 and 10 closed out, a net change of +3 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q2 2019 was Invesco, an estimated $50.8M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q2 2019 was Joseph P. Lucia & Associates, an estimated $26.1M sold.

Based on aggregated 13F filings for Q2 2019.