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Invesco Taxable Municipal Bond ETF

193 hedge funds and large institutions have $1.27B invested in Invesco Taxable Municipal Bond ETF in 2022 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 58 increasing their positions, 71 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.52% more ownership

Funds ownership: 61.97%64.49% (+2.5%)

4% less funds holding

Funds holding: 200193 (-7)

15% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 27

17% less capital invested

Capital invested by funds: $1.53B → $1.27B (-$258M)

18% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 71

38% less funds holding in top 10

Funds holding in top 10: 85 (-3)

Holders
193
Holders Change
-7
Holders Change %
-3.5%
% of All Funds
3.04%
Holding in Top 10
5
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-37.5%
% of All Funds
0.08%
New
23
Increased
58
Reduced
71
Closed
27
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$461M +$1.52M +48,629 +0.3%
Bank of America
2
Bank of America
North Carolina
$53.8M -$4.35M -139,365 -7%
WANY
3
Wealthspire Advisors (New York)
New York
$43.8M +$206K +6,614 +0.4%
RA
4
Rational Advisors
New York
$43.5M +$21.7M +693,467 +90%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$42.6M -$3.9M -124,957 -8%
PI
6
PFS Investments
Georgia
$41.3M +$1.85M +59,135 +4%
DCM
7
Donaldson Capital Management
Indiana
$39.7M +$2.21M +70,938 +6%
Jane Street
8
Jane Street
New York
$37.4M +$39.3M +1,259,946 New
PNC Financial Services Group
9
PNC Financial Services Group
Pennsylvania
$35.2M -$1.76M -56,309 -5%
Wells Fargo
10
Wells Fargo
California
$26.7M -$88M -2,820,078 -76%
SMFG
11
Sumitomo Mitsui Financial Group
Japan
$25.5M -$310K -9,938 -1%
Morgan Stanley
12
Morgan Stanley
New York
$22.9M -$3.92M -125,443 -14%
UBS Group
13
UBS Group
Switzerland
$20M -$4.09M -130,933 -16%
HighTower Advisors
14
HighTower Advisors
Illinois
$19.7M -$48.1K -1,541 -0.2%
CFG
15
CNO Financial Group
Indiana
$18.4M
TIM
16
Tortoise Investment Management
New York
$17.9M -$3.12M -99,858 -14%
HTC
17
Haverford Trust Company
Pennsylvania
$17.4M +$318K +10,201 +2%
KeyBank National Association
18
KeyBank National Association
Ohio
$15.6M +$4.59K +147 +0%
RJA
19
Raymond James & Associates
Florida
$15.4M +$1.33M +42,574 +9%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$14.1M +$1.11M +35,404 +8%
CI
21
Conning Inc
Connecticut
$13.9M
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$13.6M +$8.11M +259,784 +132%
BSB
23
Bangor Savings Bank
Maine
$13.1M -$155K -4,976 -1%
LPL Financial
24
LPL Financial
California
$12M -$6.81M -218,249 -35%
GAM
25
Gould Asset Management
California
$12M +$678K +21,731 +6%

BAB Hedge Fund Activity: Q1 2022 in Review

193 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q1 2022, worth a combined $1.27B — down 17% from $1.53B a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of BAB and 23 opened new positions — a net loss of 4 holders — while 71 trimmed existing stakes and 58 added.

The largest buyer was Jane Street, opening a new position worth an estimated $39.3M. The largest seller was Wells Fargo, cutting an estimated $88M.

  • 193 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q1 2022, down from 200 in Q4 2021.
  • Funds reported $1.27B of Invesco Taxable Municipal Bond ETF stock for Q1 2022, down 17% quarter-over-quarter.
  • 23 funds opened new Invesco Taxable Municipal Bond ETF positions in Q1 2022 and 27 closed out, a net change of -4 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q1 2022 was Jane Street, an estimated $39.3M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q1 2022 was Wells Fargo, an estimated $88M sold.

Based on aggregated 13F filings for Q1 2022.