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Invesco Taxable Municipal Bond ETF

116 hedge funds and large institutions have $345M invested in Invesco Taxable Municipal Bond ETF in 2018 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 30 increasing their positions, 45 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 116116 (0)

0% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 19

0.73% less ownership

Funds ownership: 39.18%38.46% (-0.73%)

7% less capital invested

Capital invested by funds: $370M → $345M (-$24.3M)

33% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 45

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
116
Holders Change
Holders Change %
0%
% of All Funds
2.65%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
19
Increased
30
Reduced
45
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$42.4M -$299K -10,175 -0.7%
Invesco
2
Invesco
Georgia
$38.8M -$2.7M -91,897 -6%
Morgan Stanley
3
Morgan Stanley
New York
$34.7M +$304K +10,332 +0.9%
PNC Financial Services Group
4
PNC Financial Services Group
Pennsylvania
$29.9M -$971K -32,982 -3%
UBS Group
5
UBS Group
Switzerland
$24.1M +$47.9K +1,629 +0.2%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$23.3M -$650K -22,082 -3%
Wells Fargo
7
Wells Fargo
California
$20.1M +$407K +13,823 +2%
KeyBank National Association
8
KeyBank National Association
Ohio
$14M -$1.25M -42,509 -8%
HTC
9
Haverford Trust Company
Pennsylvania
$12.8M -$341K -11,604 -3%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$9.05M -$46.1K -1,565 -0.5%
RJA
11
Raymond James & Associates
Florida
$8.19M +$562K +19,103 +7%
BSB
12
Bangor Savings Bank
Maine
$7.58M +$2.12M +72,023 +38%
DF
13
Donoghue Forlines
Massachusetts
$5.89M +$5.96M +202,625 New
LPL Financial
14
LPL Financial
California
$5.56M -$195K -6,635 -3%
TIM
15
Tortoise Investment Management
New York
$5.01M -$164K -5,557 -3%
Ameriprise
16
Ameriprise
Minnesota
$4.58M +$1.25M +42,451 +37%
CIAS
17
Capital Investment Advisory Services
North Carolina
$3.2M -$1.29K -44 -0%
KC
18
Kingfisher Capital
North Carolina
$2.61M +$205K +6,979 +8%
RGC
19
Roberts, Glore & Co
Illinois
$2.53M -$174K -5,922 -6%
BTS
20
BB&T Securities
Virginia
$2.49M +$80.7K +2,743 +3%
Jane Street
21
Jane Street
New York
$2.38M -$5.75M -195,415 -71%
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$2.16M -$27.8K -944 -1%
AA
23
Advisory Alpha
Michigan
$2.12M +$2.17M +73,702 New
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$2.11M +$1.62M +55,207 +318%
PG
25
Patten Group
Tennessee
$1.91M -$61.5K -2,090 -3%

BAB Hedge Fund Activity: Q3 2018 in Review

116 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2018, worth a combined $345M — down 6.6% from $370M a quarter earlier.

Fund positioning in BAB was balanced in Q3 2018: 19 funds opened new positions, 19 closed out, 30 added to existing stakes and 45 trimmed.

The largest buyer was Donoghue Forlines, opening a new position worth an estimated $5.96M. The largest seller was Merriman Wealth Management, cutting an estimated $7.94M.

  • 116 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2018, unchanged from Q2 2018.
  • Funds reported $345M of Invesco Taxable Municipal Bond ETF stock for Q3 2018, down 6.6% quarter-over-quarter.
  • 19 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2018 and 19 closed out, a net change of 0 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2018 was Donoghue Forlines, an estimated $5.96M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q3 2018 was Merriman Wealth Management, an estimated $7.94M sold.

Based on aggregated 13F filings for Q3 2018.