Invesco Taxable Municipal Bond ETF
BAB
87 hedge funds and large institutions have $260M invested in Invesco Taxable Municipal Bond ETF in 2015 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 35 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
1% less funds holding
Funds holding: 88 → 87 (-1)
2.34% less ownership
Funds ownership: 40.36% → 38.02% (-2.3%)
19% less capital invested
Capital invested by funds: $320M → $260M (-$59.4M)
23% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 35
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$13.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$8.48M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$2.35M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$1.45M |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$600K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$50.5M |
| 2 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$5.33M |
| 3 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
-$4.48M |
| 4 |
Morgan Stanley
New York
|
-$3.14M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$2.25M |
BAB Hedge Fund Activity: Q2 2015 in Review
87 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q2 2015, worth a combined $260M — down 19% from $320M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new BAB positions and 9 closed out — a net gain of 2 holders — while 27 added to existing stakes and 35 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $13.6M. The largest seller was Aviance Capital Management, exiting entirely with an estimated $50.5M sold.
- 87 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q2 2015, down from 88 in Q1 2015.
- Funds reported $260M of Invesco Taxable Municipal Bond ETF stock for Q2 2015, down 19% quarter-over-quarter.
- 11 funds opened new Invesco Taxable Municipal Bond ETF positions in Q2 2015 and 9 closed out, a net change of +2 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q2 2015 was Jane Street, an estimated $13.6M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q2 2015 was Aviance Capital Management, an estimated $50.5M sold.
Based on aggregated 13F filings for Q2 2015.