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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$8M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
+$2.8M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$2.34M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.11M |
| 5 |
ACA
Anchor Capital Advisors
Boston,
Massachusetts
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.26M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$5.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.7M |
| 4 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
-$2.95M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.58M |
BAB Hedge Fund Activity: Q1 2017 in Review
115 of the 4,034 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.