Invesco Taxable Municipal Bond ETF
181 hedge funds and large institutions have $1.01B invested in Invesco Taxable Municipal Bond ETF in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 65 increasing their positions, 56 reducing their positions, and 17 closing their positions.
60% more call options, than puts
Call options by funds: $8K | Put options by funds: $5K
16% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 56
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
2% less funds holding
Funds holding: 185 → 181 (-4)
6.26% less ownership
Funds ownership: 74.52% → 68.26% (-6.3%)
12% less capital invested
Capital invested by funds: $1.15B → $1.01B (-$138M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$32.6M |
| 2 |
PO
Private Ocean
San Rafael,
California
|
+$5.95M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.85M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$4.68M |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$79.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$7.52M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.73M |
| 4 |
IA
IFG Advisory
Atlanta,
Georgia
|
-$4.79M |
| 5 |
PL
Protective Life
Birmingham,
Alabama
|
-$4.25M |
BAB Hedge Fund Activity: Q3 2023 in Review
181 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2023, worth a combined $1.01B — down 12% from $1.15B a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BAB positions and 17 closed out — a net gain of 1 holder — while 65 added to existing stakes and 56 trimmed.
The largest buyer was Bank of New York Mellon, opening a new position worth an estimated $32.6M. The largest seller was Jane Street, cutting an estimated $79.1M.
- 181 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2023, down from 185 in Q2 2023.
- Funds reported $1.01B of Invesco Taxable Municipal Bond ETF stock for Q3 2023, down 12% quarter-over-quarter.
- 18 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2023 and 17 closed out, a net change of +1 holder.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2023 was Bank of New York Mellon, an estimated $32.6M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q3 2023 was Jane Street, an estimated $79.1M sold.
Based on aggregated 13F filings for Q3 2023.