Invesco Taxable Municipal Bond ETF
72 hedge funds and large institutions have $203M invested in Invesco Taxable Municipal Bond ETF in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 34 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
1% more funds holding
Funds holding: 71 → 72 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.92% less ownership
Funds ownership: 35.63% → 33.71% (-1.9%)
18% less capital invested
Capital invested by funds: $249M → $203M (-$46.1M)
47% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HTC
Haverford Trust Company
Radnor,
Pennsylvania
|
+$9.62M |
| 2 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
+$1.67M |
| 3 |
Jane Street
New York
|
+$1.54M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.26M |
| 5 |
Citigroup
New York
|
+$511K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$16.1M |
| 2 |
B
Baird
Milwaukee,
Wisconsin
|
-$9.07M |
| 3 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
-$5.67M |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
-$3.77M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.71M |
BAB Hedge Fund Activity: Q4 2013 in Review
72 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2013, worth a combined $203M — down 18% from $249M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new BAB positions and 9 closed out — a net gain of 3 holders — while 18 added to existing stakes and 34 trimmed.
The largest buyer was Haverford Trust Company, opening a new position worth an estimated $9.62M. The largest seller was Bank of America, cutting an estimated $16.1M.
- 72 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2013, up from 71 in Q3 2013.
- Funds reported $203M of Invesco Taxable Municipal Bond ETF stock for Q4 2013, down 18% quarter-over-quarter.
- 12 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2013 and 9 closed out, a net change of +3 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2013 was Haverford Trust Company, an estimated $9.62M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q4 2013 was Bank of America, an estimated $16.1M sold.
Based on aggregated 13F filings for Q4 2013.