Invesco Taxable Municipal Bond ETF
BAB
115 hedge funds and large institutions have $368M invested in Invesco Taxable Municipal Bond ETF in 2018 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 42 reducing their positions, and 29 closing their positions.
6% more capital invested
Capital invested by funds: $348M → $368M (+$19.8M)
1.08% more ownership
Funds ownership: 37.89% → 38.97% (+1.1%)
11% less funds holding
Funds holding: 129 → 115 (-14)
14% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 42
45% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 29
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$32.5M |
| 2 |
Jane Street
New York
|
+$8.21M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.52M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.93M |
| 5 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$5.7M |
| 2 |
HTC
Haverford Trust Company
Radnor,
Pennsylvania
|
-$5.53M |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$3.69M |
| 4 |
FA
FDx Advisors
Chicago,
Illinois
|
-$2.87M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.8M |
BAB Hedge Fund Activity: Q2 2018 in Review
115 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q2 2018, worth a combined $368M — up 5.7% from $348M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BAB and 16 opened new positions — a net loss of 13 holders — while 42 trimmed existing stakes and 36 added.
The largest buyer was Invesco, adding an estimated $32.5M. The largest seller was Wells Fargo, cutting an estimated $5.7M.
- 115 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q2 2018, down from 129 in Q1 2018.
- Funds reported $368M of Invesco Taxable Municipal Bond ETF stock for Q2 2018, up 5.7% quarter-over-quarter.
- 16 funds opened new Invesco Taxable Municipal Bond ETF positions in Q2 2018 and 29 closed out, a net change of -13 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q2 2018 was Invesco, an estimated $32.5M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q2 2018 was Wells Fargo, an estimated $5.7M sold.
Based on aggregated 13F filings for Q2 2018.