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Invesco Taxable Municipal Bond ETF
BAB

182 hedge funds and large institutions have $1.05B invested in Invesco Taxable Municipal Bond ETF in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 58 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more call options, than puts

Call options by funds: $454K | Put options by funds: $196K

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

35% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 20

6% more capital invested

Capital invested by funds: $989M → $1.05B (+$63.2M)

2.87% more ownership

Funds ownership: 66.02% → 68.9% (+2.9%)

3% more funds holding

Funds holding: 177 → 182 (+5)

7% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 58

Holders
182
Holders Change
+5
Holders Change %
+2.82%
% of All Funds
2.9%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.11%
New
27
Increased
54
Reduced
58
Closed
20
Calls
$454K
Puts
$196K
Net Calls
+$258K
Net Calls Change
+$258K

Top Buyers

1
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
+$25.2M
2
PI
PFS Investments
Georgia
+$21.5M
3
HCM
Hudson Capital Management
New Jersey
+$13.1M
4
Bank of America
Bank of America
North Carolina
+$11.2M
5
WANY
Wealthspire Advisors (New York)
New York
+$8.97M

Top Sellers

1
Invesco
Invesco
Georgia
-$48.1M
2
RA
Rational Advisors
New York
-$21.8M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$5.42M
4
PJSIMP
P.J. Schmidt Investment Management (PJS)
Wisconsin
-$5.11M
5
Jane Street
Jane Street
New York
-$4.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWA
126
Sax Wealth Advisors
New Jersey
$227K – – –
SWP
127
Summit Wealth Partners
Florida
$224K – – –
WC
128
Waterloo Capital
Texas
$217K +$215K +8,085 New
HWA
129
HCR Wealth Advisors
California
$216K – – –
LNC
130
Lincoln National Corp
Pennsylvania
$216K +$586 +22 +0.3%
Lazard Asset Management
131
Lazard Asset Management
New York
$215K – – –
DK
132
David Kennon
Florida
$209K +$206K +7,758 New
William Blair & Company
133
William Blair & Company
Illinois
$199K +$11K +414 +6%
BWM
134
BerganKDV Wealth Management
Minnesota
$122K – – –
Qube Research & Technologies (QRT)
135
Qube Research & Technologies (QRT)
United Kingdom
$121K +$120K +4,494 New
BAAM
136
Baker Avenue Asset Management
California
$118K -$1.07M -40,247 -90%
PTC
137
Private Trust Company
Ohio
$113K -$1.68K -63 -1%
FPFS
138
First Personal Financial Services
North Carolina
$113K – – –
US Bancorp
139
US Bancorp
Minnesota
$105K – – –
UB
140
UMB Bank
Missouri
$103K +$70.6K +2,653 +228%
ACA
141
Aptus Capital Advisors
Alabama
$95.3K +$94.3K +3,544 New
SPIA
142
Steward Partners Investment Advisory
New York
$86K -$37.2K -1,396 -30%
ACA
143
Atlas Capital Advisors
Wyoming
$84.2K +$8.44K +317 +11%
IA
144
IFP Advisors
Florida
$81.9K -$147K -5,542 -67%
Fifth Third Bancorp
145
Fifth Third Bancorp
Ohio
$77.7K – – –
OIA
146
Optimum Investment Advisors
Illinois
$69.3K – – –
BAM
147
Belpointe Asset Management
Nevada
$68.9K -$53 -2 -0.1%
SWM
148
Spire Wealth Management
Virginia
$66.6K +$6.89K +259 +12%
VC
149
Vestor Capital
Illinois
$58K – – –
Bessemer Group
150
Bessemer Group
New Jersey
$55K +$54.1K +2,034 New
4 5
6
7 8

BAB Hedge Fund Activity: Q1 2023 in Review

182 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2023, worth a combined $1.05B — up 6.4% from $989M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new BAB positions and 20 closed out — a net gain of 7 holders — while 54 added to existing stakes and 58 trimmed.

The largest buyer was State of Wisconsin Investment Board, opening a new position worth an estimated $25.2M. The largest seller was Invesco, cutting an estimated $48.1M.

  • 182 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2023, up from 177 in Q4 2022.
  • Funds reported $1.05B of Invesco Taxable Municipal Bond ETF stock for Q1 2023, up 6.4% quarter-over-quarter.
  • 27 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2023 and 20 closed out, a net change of +7 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2023 was State of Wisconsin Investment Board, an estimated $25.2M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2023 was Invesco, an estimated $48.1M sold.

Based on aggregated 13F filings for Q1 2023.