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Invesco Taxable Municipal Bond ETF
BAB

129 hedge funds and large institutions have $348M invested in Invesco Taxable Municipal Bond ETF in 2018 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 38 increasing their positions, 46 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

6% more funds holding

Funds holding: 122 → 129 (+7)

0.6% more ownership

Funds ownership: 37.29% → 37.89% (+0.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5% less capital invested

Capital invested by funds: $367M → $348M (-$19.2M)

17% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 46

Holders
129
Holders Change
+7
Holders Change %
+5.74%
% of All Funds
2.96%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
18
Increased
38
Reduced
46
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MWM
Merriman Wealth Management
Washington
+$8.24M
2
AA
Advisory Alpha
Michigan
+$1.72M
3
Mariner
Mariner
Kansas
+$1.34M
4
HH
Hilltop Holdings
Texas
+$1.19M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$666K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$8.94M
2
CIAS
Capital Investment Advisory Services
North Carolina
-$3.18M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.55M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.72M
5
Morgan Stanley
Morgan Stanley
New York
-$1.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
FHA
101
First Horizon Advisors
Tennessee
$62K +$61.7K +2,069 New
BC
102
Barnett & Company
Tennessee
$60K – – –
SEI Investments
103
SEI Investments
Pennsylvania
$54K – – –
HR
104
Howe & Rusling
New York
$53K +$52.4K +1,755 New
MOS
105
MGO One Seven
Ohio
$50K – – –
PSC
106
Prentiss Smith & Co
Vermont
$44K – – –
FRA
107
Front Row Advisors
California
$36K – – –
CTC
108
Central Trust Company
Missouri
$32K – – –
VCM
109
Versant Capital Management
Arizona
$30K +$298 +10 +1%
ECM
110
Exchange Capital Management
Michigan
$21K -$7.73K -259 -27%
PCM
111
Peak Capital Management
Colorado
$20K +$20.2K +677 New
WEC
112
Winslow Evans & Crocker
Massachusetts
$19.6K – – –
SWM
113
SeaCrest Wealth Management
New York
$18K -$29.8K -1,000 -62%
ARMC
114
American Research & Management Company
Massachusetts
$18K – – –
NWM
115
Northwest Wealth Management
Iowa
$17K +$16.6K +555 New
SFM
116
Signet Financial Management
New Jersey
$15K +$15.2K +509 New
CFG
117
Citizens Financial Group
Rhode Island
$13K – – –
WC
118
Whitney & Co
New York
$13K +$12.5K +420 New
JCM
119
Jacobi Capital Management
Pennsylvania
$12K +$11.9K +400 New
ME
120
McIlrath & Eck
Washington
$10K – – –
NC
121
NewSquare Capital
Pennsylvania
$9K -$7.76K -260 -48%
US Bancorp
122
US Bancorp
Minnesota
$6K -$7.37K -247 -55%
Manulife (Manufacturers Life Insurance)
123
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$6K – – –
AA
124
AlphaMark Advisors
Kentucky
$5K – – –
AAM
125
Advisors Asset Management
Colorado
$4K – – –
2 3 4
5
6

BAB Hedge Fund Activity: Q1 2018 in Review

129 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2018, worth a combined $348M — down 5.2% from $367M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new BAB positions and 10 closed out — a net gain of 8 holders — while 38 added to existing stakes and 46 trimmed.

The largest buyer was Merriman Wealth Management, opening a new position worth an estimated $8.24M. The largest seller was Bank of America, cutting an estimated $8.94M.

  • 129 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2018, up from 122 in Q4 2017.
  • Funds reported $348M of Invesco Taxable Municipal Bond ETF stock for Q1 2018, down 5.2% quarter-over-quarter.
  • 18 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2018 and 10 closed out, a net change of +8 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2018 was Merriman Wealth Management, an estimated $8.24M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2018 was Bank of America, an estimated $8.94M sold.

Based on aggregated 13F filings for Q1 2018.