Invesco Taxable Municipal Bond ETF
122 hedge funds and large institutions have $363M invested in Invesco Taxable Municipal Bond ETF in 2019 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 56 increasing their positions, 21 reducing their positions, and 17 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 21
15% more capital invested
Capital invested by funds: $316M → $363M (+$47.3M)
4.8% more ownership
Funds ownership: 36.81% → 41.61% (+4.8%)
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
0% more funds holding
Funds holding: 122 → 122 (0)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.78M |
| 2 |
Morgan Stanley
New York
|
+$6.21M |
| 3 |
SMFG
Sumitomo Mitsui Financial Group
Tokyo,
Japan
|
+$3.85M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.76M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$1.07M |
| 2 |
SG Americas Securities
New York
|
-$900K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$651K |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$500K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$481K |
BAB Hedge Fund Activity: Q1 2019 in Review
122 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2019, worth a combined $363M — up 15% from $316M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new BAB positions and 17 closed out — a net gain of 1 holder — while 56 added to existing stakes and 21 trimmed.
The largest buyer was Bank of America, adding an estimated $7.78M. The largest seller was Tortoise Investment Management, cutting an estimated $1.07M.
- 122 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2019, unchanged from Q4 2018.
- Funds reported $363M of Invesco Taxable Municipal Bond ETF stock for Q1 2019, up 15% quarter-over-quarter.
- 18 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2019 and 17 closed out, a net change of +1 holder.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2019 was Bank of America, an estimated $7.78M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q1 2019 was Tortoise Investment Management, an estimated $1.07M sold.
Based on aggregated 13F filings for Q1 2019.