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Invesco Taxable Municipal Bond ETF
BAB

96 hedge funds and large institutions have $248M invested in Invesco Taxable Municipal Bond ETF in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 29 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

17% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 29

4% more funds holding

Funds holding: 92 → 96 (+4)

1% more capital invested

Capital invested by funds: $247M → $248M (+$1.32M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.44% less ownership

Funds ownership: 37.37% → 36.93% (-0.44%)

Holders
96
Holders Change
+4
Holders Change %
+4.35%
% of All Funds
2.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
34
Reduced
29
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$4.48M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.51M
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$2.08M
4
MIM
Marco Investment Management
Georgia
+$1.2M
5
UBS Group
UBS Group
Switzerland
+$1.09M

Top Sellers

1
MWM
Merriman Wealth Management
Washington
-$5.85M
2
Morgan Stanley
Morgan Stanley
New York
-$4.03M
3
Bank of America
Bank of America
North Carolina
-$2.36M
4
Wells Fargo
Wells Fargo
California
-$1.37M
5
SMM
Stadion Money Management
Georgia
-$1.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$39.1M -$4.03M -138,302 -9%
PNC Financial Services Group
2
PNC Financial Services Group
Pennsylvania
$26.2M +$332K +11,420 +1%
Bank of America
3
Bank of America
North Carolina
$24.9M -$2.36M -81,112 -9%
UBS Group
4
UBS Group
Switzerland
$23M +$1.09M +37,601 +5%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$18.8M +$3.51M +120,393 +23%
KeyBank National Association
6
KeyBank National Association
Ohio
$16M -$433K -14,883 -3%
Wells Fargo
7
Wells Fargo
California
$13.7M -$1.37M -46,945 -9%
HTC
8
Haverford Trust Company
Pennsylvania
$13M +$375K +12,876 +3%
LPL Financial
9
LPL Financial
California
$9.2M +$4.48M +153,999 +96%
BSB
10
Bangor Savings Bank
Maine
$5.89M +$143K +4,901 +2%
LG
11
Leuthold Group
Minnesota
$5.65M -$6.9K -237 -0.1%
NC
12
NewSquare Capital
Pennsylvania
$3.43M -$52.5K -1,804 -2%
LTFS
13
Ladenburg Thalmann Financial Services
Florida
$3.01M +$2.08M +71,524 +221%
GC
14
Guggenheim Capital
Illinois
$2.91M +$155K +5,336 +6%
Invesco
15
Invesco
Georgia
$2.39M -$104K -3,564 -4%
RJA
16
Raymond James & Associates
Florida
$2.23M -$92.3K -3,172 -4%
GAM
17
Gould Asset Management
California
$2M +$61.7K +2,120 +3%
Janney Montgomery Scott
18
Janney Montgomery Scott
Pennsylvania
$1.86M -$238K -8,166 -11%
PG
19
Patten Group
Tennessee
$1.68M -$159K -5,459 -9%
CWM
20
Cabot Wealth Management
Massachusetts
$1.66M -$388K -13,342 -19%
BTS
21
BB&T Securities
Virginia
$1.6M +$230K +7,887 +17%
ACM
22
Avalon Capital Management
California
$1.4M +$623K +21,415 +79%
ECM
23
Exchange Capital Management
Michigan
$1.4M -$1.34K -46 -0.1%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$1.34M +$459K +15,777 +52%
NEAM
25
New England Asset Management
Connecticut
$1.3M – – –
1
2 3 4 5

BAB Hedge Fund Activity: Q4 2015 in Review

96 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2015, worth a combined $248M — up 0.53% from $247M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BAB positions and 10 closed out — a net gain of 4 holders — while 34 added to existing stakes and 29 trimmed.

The largest buyer was LPL Financial, adding an estimated $4.48M. The largest seller was Merriman Wealth Management, exiting entirely with an estimated $5.85M sold.

  • 96 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2015, up from 92 in Q3 2015.
  • Funds reported $248M of Invesco Taxable Municipal Bond ETF stock for Q4 2015, up 0.53% quarter-over-quarter.
  • 14 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2015 and 10 closed out, a net change of +4 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2015 was LPL Financial, an estimated $4.48M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q4 2015 was Merriman Wealth Management, an estimated $5.85M sold.

Based on aggregated 13F filings for Q4 2015.