Invesco Taxable Municipal Bond ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$8.24M |
| 2 |
AA
Advisory Alpha
Holland,
Michigan
|
+$1.72M |
| 3 |
Mariner
Overland Park,
Kansas
|
+$1.34M |
| 4 |
HH
Hilltop Holdings
Dallas,
Texas
|
+$1.19M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$666K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$8.94M |
| 2 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
-$3.18M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.55M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.72M |
| 5 |
Morgan Stanley
New York
|
-$1.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
BlackRock
New York
| $3K | -$1.94K | -65 | -36% |
|
|
LFG
127
LifePlan Financial Group
Dayton,
Ohio
| $3K | +$3.28K | +110 | New |
|
|
TFA
128
Transamerica Financial Advisors
St. Petersburg,
Florida
| $1K | – | – | – |
|
|
FA
129
Fagan Associates
Troy,
New York
| $260 | +$298 | +10 | +0.1% |
|
|
CIAS
130
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$3.18M | -103,505 | Closed |
|
|
SI
131
SII Investments
Appleton,
Wisconsin
| – | -$1.81M | -59,223 | Closed |
|
132
Goldman Sachs
New York
| – | -$1.11M | -36,274 | Closed |
|
|
SG
133
StoneX Group
New York
| – | -$602K | -19,599 | Closed |
|
134
SG Americas Securities
New York
| – | -$335K | -10,900 | Closed |
|
|
DF
135
Donoghue Forlines
Boston,
Massachusetts
| – | -$249K | -8,129 | Closed |
|
|
ACM
136
AlphaStar Capital Management
Cornelius,
North Carolina
| – | -$231K | -7,529 | Closed |
|
|
CCM
137
Cribstone Capital Management
Augusta,
Maine
| – | -$15K | -500 | Closed |
|
|
KTC
138
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| – | -$11K | -355 | Closed |
|
139
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$9K | -300 | Closed |
|
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.