Invesco Taxable Municipal Bond ETF
BAB
88 hedge funds and large institutions have $320M invested in Invesco Taxable Municipal Bond ETF in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 28 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more capital invested
Capital invested by funds: $270M → $320M (+$49.6M)
14% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 28
3.39% more ownership
Funds ownership: 36.97% → 40.36% (+3.4%)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
3% less funds holding
Funds holding: 91 → 88 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$34.1M |
| 2 |
Morgan Stanley
New York
|
+$5.19M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$4.34M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.21M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$2.78M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.45M |
| 3 |
MP
Manifold Partners
San Francisco,
California
|
-$1.14M |
| 4 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$856K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$840K |
BAB Hedge Fund Activity: Q1 2015 in Review
88 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2015, worth a combined $320M — up 18% from $270M a quarter earlier.
Fund positioning in BAB was balanced in Q1 2015: 12 funds opened new positions, 12 closed out, 32 added to existing stakes and 28 trimmed.
The largest buyer was Aviance Capital Management, adding an estimated $34.1M. The largest seller was Tortoise Investment Management, cutting an estimated $2.78M.
- 88 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2015, down from 91 in Q4 2014.
- Funds reported $320M of Invesco Taxable Municipal Bond ETF stock for Q1 2015, up 18% quarter-over-quarter.
- 12 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2015 and 12 closed out, a net change of 0 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2015 was Aviance Capital Management, an estimated $34.1M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q1 2015 was Tortoise Investment Management, an estimated $2.78M sold.
Based on aggregated 13F filings for Q1 2015.