Invesco Taxable Municipal Bond ETF
197 hedge funds and large institutions have $677M invested in Invesco Taxable Municipal Bond ETF in 2025 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 62 increasing their positions, 67 reducing their positions, and 12 closing their positions.
150% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 12
20% more capital invested
Capital invested by funds: $564M → $677M (+$113M)
9% more funds holding
Funds holding: 180 → 197 (+17)
5.03% more ownership
Funds ownership: 61.01% → 66.05% (+5%)
7% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 67
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| 1 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
+$83.8M |
| 2 |
Morgan Stanley
New York
|
+$7.52M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.98M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
+$3.48M |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$2.33M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CPRC
201
Consolidated Portfolio Review Corp
Woodbury,
New York
| – | -$300K | -10,983 | Closed |
|
|
SF
202
Summit Financial
Parsippany,
New Jersey
| – | -$218K | -7,995 | Closed |
|
|
SFS
203
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$209K | -7,645 | Closed |
|
|
UCFA
204
United Capital Financial Advisors
Irving,
Texas
| – | -$207K | -7,586 | Closed |
|
205
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$200K | -7,329 | Closed |
|
|
PAM
206
Palisade Asset Management
Minneapolis,
Minnesota
| – | -$147K | -5,400 | Closed |
|
|
PFG
207
Premier Financial Group
Eureka,
California
| – | -$54.1K | -1,985 | Closed |
|
|
AAS
208
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$10.4K | -380 | Closed |
|
|
ASN
209
Advisory Services Network
Atlanta,
Georgia
| – | -$7.73K | -283 | Closed |
|
210
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5.32K | -195 | Closed |
|
BAB Hedge Fund Activity: Q4 2025 in Review
197 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2025, worth a combined $677M — up 20% from $564M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BAB positions and 12 closed out — a net gain of 18 holders — while 62 added to existing stakes and 67 trimmed.
The largest buyer was Annex Advisory Services, opening a new position worth an estimated $83.8M. The largest seller was Hershey Financial Advisers, exiting entirely with an estimated $3.53M sold.
- 197 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2025, up from 180 in Q3 2025.
- Funds reported $677M of Invesco Taxable Municipal Bond ETF stock for Q4 2025, up 20% quarter-over-quarter.
- 30 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2025 and 12 closed out, a net change of +18 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2025 was Annex Advisory Services, an estimated $83.8M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q4 2025 was Hershey Financial Advisers, an estimated $3.53M sold.
Based on aggregated 13F filings for Q4 2025.