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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
MPWT
101
MassMutual Private Wealth & Trust
Connecticut
$435K -$41.9K -1,531 -9%
Rockefeller Capital Management
102
Rockefeller Capital Management
New York
$434K -$18.9K -691 -4%
PIM
103
Progressive Investment Management
Oregon
$422K +$15.2K +556 +4%
CCP
104
Cane Capital Partners
Louisiana
$418K +$420K +15,354 New
RIL
105
Rothschild Investment LLC
Illinois
$415K -$64.3K -2,350 -13%
Koshinski Asset Management
106
Koshinski Asset Management
Illinois
$414K – – –
CWM
107
CIBC World Markets
New York
$393K +$396K +14,462 New
MFA
108
Millington Financial Advisors
Illinois
$368K -$68.1K -2,491 -16%
DWA
109
Delta Wealth Advisors
Indiana
$351K +$23.6K +864 +7%
SI
110
Stephens Inc
Arkansas
$351K -$6.56K -240 -2%
SFO
111
Stokes Family Office
Louisiana
$348K – – –
AWM
112
Axxcess Wealth Management
California
$346K -$55.4K -2,025 -14%
CCM
113
Colorado Capital Management
Colorado
$342K +$344K +12,590 New
RAM
114
Readystate Asset Management
Illinois
$330K -$15.4K -563 -4%
JPLA
115
Joseph P. Lucia & Associates
New York
$311K -$62.1K -2,269 -17%
SPIA
116
Steward Partners Investment Advisory
New York
$304K +$104K +3,799 +51%
NFG
117
Nations Financial Group
Iowa
$291K -$46.1K -1,684 -14%
Janney Montgomery Scott
118
Janney Montgomery Scott
Pennsylvania
$285K +$287K +10,492 New
First Trust Advisors
119
First Trust Advisors
Illinois
$280K +$191 +7 +0.1%
CAM
120
Cresset Asset Management
Illinois
$273K +$383 +14 +0.1%
FWA
121
FORM Wealth Advisors
Wisconsin
$271K +$272K +9,950 New
QFW
122
QTR Family Wealth
Florida
$265K -$9.11K -333 -3%
PCIA
123
Prime Capital Investment Advisors
Kansas
$251K +$6.43K +235 +3%
KA
124
Kovack Advisors
Florida
$250K +$251K +9,180 New
HNB
125
Huntington National Bank
Ohio
$244K – – –
3 4
5
6 7

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.