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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
NC
101
NewSquare Capital
Pennsylvania
$26K -$2.95M -100,981 -99%
Carson Wealth (CWM LLC)
102
Carson Wealth (CWM LLC)
Nebraska
$26K +$25.4K +869 New
SEI Investments
103
SEI Investments
Pennsylvania
$23K – – –
CCM
104
Cribstone Capital Management
Maine
$15K – – –
CFG
105
Citizens Financial Group
Rhode Island
$13K – – –
US Bancorp
106
US Bancorp
Minnesota
$11K -$15.3K -524 -59%
Bank of Montreal
107
Bank of Montreal
Ontario, Canada
$9K +$8.77K +300 New
IPC
108
Independent Portfolio Consultants
Florida
$5K -$104K -3,565 -95%
BlackRock
109
BlackRock
New York
$5K -$146 -5 -3%
AA
110
AlphaMark Advisors
Kentucky
$5K – – –
Manulife (Manufacturers Life Insurance)
111
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$5K +$4.53K +155 New
AIP
112
Ameritas Investment Partners
Nebraska
$4K -$13.2K -453 -76%
AAM
113
Advisors Asset Management
Colorado
$4K – – –
CYG
114
Clean Yield Group
Vermont
$3K +$2.92K +100 New
TFA
115
Transamerica Financial Advisors
Florida
$1K – – –
Citadel Advisors
116
Citadel Advisors
Florida
– -$1.58M -54,197 Closed
WA
117
WESPAC Advisors
California
– -$1M -34,388 Closed
TSS
118
Two Sigma Securities
New York
– -$225K -7,727 Closed
TIA
119
Tiemann Investment Advisors
California
– -$206K -7,080 Closed
FTUS
120
Flow Traders U.S.
New York
– -$164K -5,622 Closed
FHA
121
First Horizon Advisors
Tennessee
– -$115K -3,750 Closed
SFS
122
Sowell Financial Services
Arkansas
– -$21K -702 Closed
BIG
123
Bellwether Investment Group
Tennessee
– -$20K -678 Closed
CAPTRUST Financial Advisors
124
CAPTRUST Financial Advisors
North Carolina
– -$7K -245 Closed
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.