Invesco Taxable Municipal Bond ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$25.2M |
| 2 |
PI
PFS Investments
Duluth,
Georgia
|
+$21.5M |
| 3 |
HCM
Hudson Capital Management
Ramsey,
New Jersey
|
+$13.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$11.2M |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
+$8.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$48.1M |
| 2 |
RA
Rational Advisors
Huntington,
New York
|
-$21.8M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$5.42M |
| 4 |
PJSIMP
P.J. Schmidt Investment Management (PJS)
Cedarburg,
Wisconsin
|
-$5.11M |
| 5 |
Jane Street
New York
|
-$4.83M |
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.