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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
FCH
76
Freestone Capital Holdings
Washington
$820K +$143K +5,245 +21%
WA
77
Whipplewood Advisors
Colorado
$804K -$5K -183 -0.6%
ATPW
78
Ashton Thomas Private Wealth
Arizona
$744K +$748K +27,365 New
RWA
79
Redhawk Wealth Advisors
Minnesota
$705K +$709K +25,914 New
GMA
80
Glassy Mountain Advisors
Maryland
$682K +$848 +31 +0.1%
HH
81
Hilltop Holdings
Texas
$676K -$3.39K -124 -0.5%
CC
82
Capstone Capital
Nevada
$643K +$592K +21,643 +1,077%
OBWG
83
Onyx Bridge Wealth Group
New York
$638K -$82.5K -3,017 -11%
BSB
84
Bangor Savings Bank
Maine
$624K -$53.5K -1,955 -8%
CWM
85
Centric Wealth Management
Illinois
$617K -$7K -256 -1%
MC
86
Moors & Cabot
Massachusetts
$601K +$182K +6,656 +43%
ACA
87
Atlas Capital Advisors
Wyoming
$592K +$596K +21,783 New
HA
88
Hyposwiss Advisors
$567K +$570K +20,845 New
Cerity Partners
89
Cerity Partners
New York
$557K – – –
UAS
90
United Asset Strategies
New York
$550K -$55.6K -2,034 -9%
OC
91
Oppenheimer & Co
New York
$540K -$3.42K -125 -0.6%
Commonwealth Equity Services
92
Commonwealth Equity Services
Massachusetts
$533K -$313K -11,441 -37%
Goldman Sachs
93
Goldman Sachs
New York
$531K – – –
DC
94
Davenport & Co
Virginia
$509K +$164K +6,000 +47%
SA
95
Sanctuary Advisors
Indiana
$494K -$345K -12,596 -41%
UB
96
UMB Bank
Missouri
$470K +$156K +5,717 +49%
TCM
97
Traub Capital Management
Massachusetts
$453K +$85.5K +3,125 +23%
PAS
98
Park Avenue Securities
New York
$453K -$63.1K -2,307 -12%
FA
99
Fagan Associates
New York
$444K -$54.1K -1,979 -11%
CFB
100
Cullen/Frost Bankers
Texas
$437K +$22.2K +812 +5%
2 3
4
5 6

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.