Invesco Taxable Municipal Bond ETF
138 hedge funds and large institutions have $618M invested in Invesco Taxable Municipal Bond ETF in 2019 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 52 increasing their positions, 35 reducing their positions, and 6 closing their positions.
233% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 6
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
49% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 35
27% more capital invested
Capital invested by funds: $487M → $618M (+$132M)
11% more funds holding
Funds holding: 124 → 138 (+14)
3.8% more ownership
Funds ownership: 43.36% → 47.17% (+3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFS Investments
Duluth,
Georgia
|
+$34.5M |
| 2 |
DCM
Donaldson Capital Management
Evansville,
Indiana
|
+$32.9M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$18.5M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$10.6M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
-$2.24M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.28M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.23M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$876K |
| 5 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$867K |
BAB Hedge Fund Activity: Q3 2019 in Review
138 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2019, worth a combined $618M — up 27% from $487M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new BAB positions and 6 closed out — a net gain of 14 holders — while 52 added to existing stakes and 35 trimmed.
The largest buyer was PFS Investments, adding an estimated $34.5M. The largest seller was Capital Investment Advisory Services, cutting an estimated $2.24M.
- 138 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2019, up from 124 in Q2 2019.
- Funds reported $618M of Invesco Taxable Municipal Bond ETF stock for Q3 2019, up 27% quarter-over-quarter.
- 20 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2019 and 6 closed out, a net change of +14 holders.
- The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2019 was PFS Investments, an estimated $34.5M added.
- The largest Invesco Taxable Municipal Bond ETF seller in Q3 2019 was Capital Investment Advisory Services, an estimated $2.24M sold.
Based on aggregated 13F filings for Q3 2019.