We are live on ! Find out more
BAB icon

Invesco Taxable Municipal Bond ETF
BAB

115 hedge funds and large institutions have $350M invested in Invesco Taxable Municipal Bond ETF in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 48 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

4% more funds holding

Funds holding: 111 → 115 (+4)

0.2% more ownership

Funds ownership: 36.25% → 36.45% (+0.2%)

1% less capital invested

Capital invested by funds: $355M → $350M (-$4.76M)

31% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 48

Holders
115
Holders Change
+4
Holders Change %
+3.6%
% of All Funds
2.86%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
14
Increased
33
Reduced
48
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJFSA
Raymond James Financial Services Advisors
Florida
+$8M
2
Wolverine Trading
Wolverine Trading
Illinois
+$2.8M
3
OMC
Old Mission Capital
Illinois
+$2.34M
4
Bank of America
Bank of America
North Carolina
+$2.11M
5
ACA
Anchor Capital Advisors
Massachusetts
+$1.7M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$7.26M
2
Wells Fargo
Wells Fargo
California
-$5.7M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$5.7M
4
NC
NewSquare Capital
Pennsylvania
-$2.95M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$46.4M +$2.11M +72,115 +5%
PNC Financial Services Group
2
PNC Financial Services Group
Pennsylvania
$35.8M -$1.14M -39,107 -3%
Morgan Stanley
3
Morgan Stanley
New York
$33.5M -$7.26M -248,160 -18%
UBS Group
4
UBS Group
Switzerland
$25.3M -$344K -11,767 -1%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$24.6M +$1.35M +46,215 +6%
Wells Fargo
6
Wells Fargo
California
$21.5M -$5.7M -195,083 -21%
KeyBank National Association
7
KeyBank National Association
Ohio
$16.8M -$498K -17,038 -3%
HTC
8
Haverford Trust Company
Pennsylvania
$15.9M +$1.17M +40,075 +8%
Wolverine Trading
9
Wolverine Trading
Illinois
$15.5M +$2.8M +95,725 +22%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$8.66M +$8M +273,648 +1,293%
LPL Financial
11
LPL Financial
California
$7.82M +$115K +3,942 +2%
Invesco
12
Invesco
Georgia
$7.26M +$942K +32,212 +15%
Ameriprise
13
Ameriprise
Minnesota
$6.83M -$436K -14,929 -6%
TIM
14
Tortoise Investment Management
New York
$6.35M +$29.1K +994 +0.5%
BSB
15
Bangor Savings Bank
Maine
$6.13M +$108K +3,698 +2%
RJA
16
Raymond James & Associates
Florida
$4.77M -$531K -18,157 -10%
RGC
17
Roberts, Glore & Co
Illinois
$3.69M +$99.5K +3,403 +3%
Cambridge Investment Research Advisors
18
Cambridge Investment Research Advisors
Iowa
$2.95M -$103K -3,528 -3%
CIAS
19
Capital Investment Advisory Services
North Carolina
$2.83M +$536K +18,316 +23%
Jane Street
20
Jane Street
New York
$2.77M +$566K +19,354 +26%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$2.72M -$320K -10,952 -11%
OMC
22
Old Mission Capital
Illinois
$2.35M +$2.34M +80,185 New
GC
23
Guggenheim Capital
Illinois
$2.35M -$199K -6,812 -8%
BTS
24
BB&T Securities
Virginia
$2.28M +$173K +5,924 +8%
KC
25
Kingfisher Capital
North Carolina
$2.22M +$141K +4,830 +7%
1
2 3 4 5

BAB Hedge Fund Activity: Q1 2017 in Review

115 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2017, worth a combined $350M — down 1.3% from $355M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new BAB positions and 9 closed out — a net gain of 5 holders — while 33 added to existing stakes and 48 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $8M. The largest seller was Morgan Stanley, cutting an estimated $7.26M.

  • 115 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2017, up from 111 in Q4 2016.
  • Funds reported $350M of Invesco Taxable Municipal Bond ETF stock for Q1 2017, down 1.3% quarter-over-quarter.
  • 14 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2017 and 9 closed out, a net change of +5 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2017 was Raymond James Financial Services Advisors, an estimated $8M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2017 was Morgan Stanley, an estimated $7.26M sold.

Based on aggregated 13F filings for Q1 2017.