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Invesco Taxable Municipal Bond ETF
BAB

138 hedge funds and large institutions have $618M invested in Invesco Taxable Municipal Bond ETF in 2019 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 35 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 6

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

49% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 35

27% more capital invested

Capital invested by funds: $487M → $618M (+$132M)

11% more funds holding

Funds holding: 124 → 138 (+14)

3.8% more ownership

Funds ownership: 43.36% → 47.17% (+3.8%)

Holders
138
Holders Change
+14
Holders Change %
+11.29%
% of All Funds
3.03%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
20
Increased
52
Reduced
35
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PI
PFS Investments
Georgia
+$34.5M
2
DCM
Donaldson Capital Management
Indiana
+$32.9M
3
BTS
BB&T Securities
Virginia
+$18.5M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$10.6M
5
Wells Fargo
Wells Fargo
California
+$4.47M

Top Sellers

Rank Fund Capital Flow
1
CIAS
Capital Investment Advisory Services
North Carolina
-$2.24M
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1.28M
3
Citadel Advisors
Citadel Advisors
Florida
-$1.23M
4
OMC
Old Mission Capital
Illinois
-$876K
5
TNBTD
Trustmark National Bank Trust Department
Mississippi
-$867K
Name Holding Trade Value Shares
Change 		Change in
Stake
SFS
101
Sowell Financial Services
Arkansas
$175K +$173K +5,395 New
IA
102
IFP Advisors
Florida
$175K +$175K +5,444 New
BWP
103
Baldwin Wealth Partners
Massachusetts
$163K – – –
GWM
104
Geneos Wealth Management
Colorado
$129K -$7.07K -220 -5%
PB
105
Pinnacle Bancorp
Nebraska
$123K – – –
WCG
106
Weaver Consulting Group
California
$107K – – –
PWP
107
Personal Wealth Partners
Minnesota
$87K – – –
CFA
108
Carroll Financial Associates
North Carolina
$87K +$86.7K +2,700 New
FHA
109
First Horizon Advisors
Tennessee
$86K +$13.1K +408 +18%
Carson Wealth (CWM LLC)
110
Carson Wealth (CWM LLC)
Nebraska
$76K – – –
FAAS
111
First Allied Advisory Services
California
$75K +$74.6K +2,322 New
Fifth Third Bancorp
112
Fifth Third Bancorp
Ohio
$74K – – –
WAM
113
Wolverine Asset Management
Illinois
$64K -$418K -13,007 -87%
SPIA
114
Steward Partners Investment Advisory
New York
$52K – – –
LWM
115
Liberty Wealth Management
California
$52K +$25K +779 +93%
ASN
116
Advisory Services Network
Georgia
$44K – – –
CTC
117
Central Trust Company
Missouri
$42K -$1.61K -50 -4%
FRA
118
Front Row Advisors
California
$39K – – –
VCM
119
Versant Capital Management
Arizona
$33K – – –
NFG
120
Next Financial Group
Texas
$32K – – –
QCIG
121
Quad-Cities Investment Group
Iowa
$32K – – –
Fidelity Investments
122
Fidelity Investments
Massachusetts
$32K +$32K +998 +99,800%
CFGS
123
Concourse Financial Group Securities
Alabama
$27K -$139K -4,344 -84%
CCM
124
Cribstone Capital Management
Maine
$26K +$26.2K +816 New
PFGIA
125
Patriot Financial Group Insurance Agency
Massachusetts
$23K – – –
2 3 4
5
6

BAB Hedge Fund Activity: Q3 2019 in Review

138 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2019, worth a combined $618M — up 27% from $487M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new BAB positions and 6 closed out — a net gain of 14 holders — while 52 added to existing stakes and 35 trimmed.

The largest buyer was PFS Investments, adding an estimated $34.5M. The largest seller was Capital Investment Advisory Services, cutting an estimated $2.24M.

  • 138 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2019, up from 124 in Q2 2019.
  • Funds reported $618M of Invesco Taxable Municipal Bond ETF stock for Q3 2019, up 27% quarter-over-quarter.
  • 20 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2019 and 6 closed out, a net change of +14 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2019 was PFS Investments, an estimated $34.5M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q3 2019 was Capital Investment Advisory Services, an estimated $2.24M sold.

Based on aggregated 13F filings for Q3 2019.