Invesco Taxable Municipal Bond ETF
185 hedge funds and large institutions have $1.15B invested in Invesco Taxable Municipal Bond ETF in 2023 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 56 increasing their positions, 72 reducing their positions, and 14 closing their positions.
609% more call options, than puts
Call options by funds: $454K | Put options by funds: $64K
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
9% more capital invested
Capital invested by funds: $1.05B → $1.15B (+$97.1M)
5.63% more ownership
Funds ownership: 68.9% → 74.52% (+5.6%)
2% more funds holding
Funds holding: 182 → 185 (+3)
22% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 72
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$108M |
| 2 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$21.9M |
| 3 |
PO
Private Ocean
San Rafael,
California
|
+$8.52M |
| 4 |
OBWG
Onyx Bridge Wealth Group
Tarrytown,
New York
|
+$6.8M |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HTC
Haverford Trust Company
Radnor,
Pennsylvania
|
-$14.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$13.8M |
| 3 |
HCM
Hudson Capital Management
Ramsey,
New Jersey
|
-$13.2M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$6.13M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$5.85M |
BAB Hedge Fund Activity: Q2 2023 in Review
185 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q2 2023, worth a combined $1.15B — up 9.2% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BAB positions and 14 closed out — a net gain of 5 holders — while 56 added to existing stakes and 72 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $108M. The largest seller was Haverford Trust Company, cutting an estimated $14.7M.
- 185 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q2 2023, up from 182 in Q1 2023.
- Funds reported $1.15B of Invesco Taxable Municipal Bond ETF stock for Q2 2023, up 9.2% quarter-over-quarter.
- 19 funds opened new Invesco Taxable Municipal Bond ETF positions in Q2 2023 and 14 closed out, a net change of +5 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q2 2023 was Jane Street, an estimated $108M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q2 2023 was Haverford Trust Company, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2023.