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Invesco Taxable Municipal Bond ETF

122 hedge funds and large institutions have $316M invested in Invesco Taxable Municipal Bond ETF in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 35 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 20

5% more funds holding

Funds holding: 116122 (+6)

6% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 35

1.64% less ownership

Funds ownership: 38.46%36.81% (-1.6%)

8% less capital invested

Capital invested by funds: $345M → $316M (-$29.3M)

Holders
122
Holders Change
+6
Holders Change %
+5.17%
% of All Funds
2.72%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.09%
New
26
Increased
37
Reduced
35
Closed
20
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$36.2M -$3.36M -115,948 -9%
Bank of America
2
Bank of America
North Carolina
$36.1M -$6.95M -239,769 -16%
PNC Financial Services Group
3
PNC Financial Services Group
Pennsylvania
$33.3M +$2.63M +90,854 +9%
Morgan Stanley
4
Morgan Stanley
New York
$30.2M -$5.02M -173,167 -15%
UBS Group
5
UBS Group
Switzerland
$22.3M -$2.24M -77,191 -9%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$19.8M -$3.91M -135,159 -17%
KeyBank National Association
7
KeyBank National Association
Ohio
$13.9M -$374K -12,916 -3%
HTC
8
Haverford Trust Company
Pennsylvania
$13M -$77.3K -2,669 -0.6%
Wells Fargo
9
Wells Fargo
California
$9.54M -$10.7M -370,925 -54%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$9.49M +$246K +8,490 +3%
RJA
11
Raymond James & Associates
Florida
$9.01M +$624K +21,556 +8%
BSB
12
Bangor Savings Bank
Maine
$8.01M +$261K +9,009 +3%
CIAS
13
Capital Investment Advisory Services
North Carolina
$5.11M +$1.79M +61,871 +56%
LPL Financial
14
LPL Financial
California
$5.04M -$621K -21,437 -11%
RWA
15
Redhawk Wealth Advisors
Minnesota
$4.37M +$4.23M +146,016 New
Ameriprise
16
Ameriprise
Minnesota
$4.19M -$470K -16,237 -10%
TIM
17
Tortoise Investment Management
New York
$3.46M -$1.62M -55,783 -32%
BWCS
18
Beirne Wealth Consulting Services
Connecticut
$3.36M +$3.28M +113,183 New
Janney Montgomery Scott
19
Janney Montgomery Scott
Pennsylvania
$2.77M +$550K +18,989 +26%
KC
20
Kingfisher Capital
North Carolina
$2.69M +$23.6K +814 +0.9%
BTS
21
BB&T Securities
Virginia
$2.4M -$143K -4,947 -6%
PG
22
Patten Group
Tennessee
$2.17M +$221K +7,631 +12%
RGC
23
Roberts, Glore & Co
Illinois
$2.12M -$456K -15,732 -18%
SWMG
24
Signature Wealth Management Group
Georgia
$1.95M +$2.69K +93 +0.1%
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$1.9M +$198K +6,838 +12%

BAB Hedge Fund Activity: Q4 2018 in Review

122 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q4 2018, worth a combined $316M — down 8.5% from $345M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new BAB positions and 20 closed out — a net gain of 6 holders — while 37 added to existing stakes and 35 trimmed.

The largest buyer was Redhawk Wealth Advisors, opening a new position worth an estimated $4.23M. The largest seller was Wells Fargo, cutting an estimated $10.7M.

  • 122 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q4 2018, up from 116 in Q3 2018.
  • Funds reported $316M of Invesco Taxable Municipal Bond ETF stock for Q4 2018, down 8.5% quarter-over-quarter.
  • 26 funds opened new Invesco Taxable Municipal Bond ETF positions in Q4 2018 and 20 closed out, a net change of +6 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q4 2018 was Redhawk Wealth Advisors, an estimated $4.23M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q4 2018 was Wells Fargo, an estimated $10.7M sold.

Based on aggregated 13F filings for Q4 2018.