Invesco Taxable Municipal Bond ETF
BAB
91 hedge funds and large institutions have $270M invested in Invesco Taxable Municipal Bond ETF in 2014 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 6 closing their positions.
200% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 6
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
14% more capital invested
Capital invested by funds: $236M → $270M (+$33.8M)
11% more funds holding
Funds holding: 82 → 91 (+9)
2.61% more ownership
Funds ownership: 34.36% → 36.97% (+2.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$16.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.58M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$3M |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
+$1M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$708K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$3.91M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.19M |
| 3 |
SCA
Strategic Capital Alternatives
Gig Harbor,
United States
|
-$1.17M |
| 4 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$744K |
| 5 |
Morgan Stanley
New York
|
-$666K |
BAB Hedge Fund Activity: Q4 2014 in Review
91 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2014, worth a combined $270M — up 14% from $236M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BAB positions and 6 closed out — a net gain of 12 holders — while 32 added to existing stakes and 26 trimmed.
The largest buyer was Aviance Capital Management, opening a new position worth an estimated $16.3M. The largest seller was Tortoise Investment Management, cutting an estimated $3.91M.
- 91 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2014, up from 82 in Q3 2014.
- Funds reported $270M of Invesco Taxable Municipal Bond ETF stock for Q4 2014, up 14% quarter-over-quarter.
- 18 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2014 and 6 closed out, a net change of +12 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2014 was Aviance Capital Management, an estimated $16.3M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q4 2014 was Tortoise Investment Management, an estimated $3.91M sold.
Based on aggregated 13F filings for Q4 2014.