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Invesco Taxable Municipal Bond ETF
BAB

191 hedge funds and large institutions have $677M invested in Invesco Taxable Municipal Bond ETF in 2024 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 73 increasing their positions, 61 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

434% more call options, than puts

Call options by funds: $2.31M | Put options by funds: $433K

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

20% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 61

1% more capital invested

Capital invested by funds: $672M → $677M (+$4.99M)

1.36% less ownership

Funds ownership: 57.94% → 56.58% (-1.4%)

5% less funds holding

Funds holding: 202 → 191 (-11)

56% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 18

Holders
191
Holders Change
-11
Holders Change %
-5.45%
% of All Funds
2.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
8
Increased
73
Reduced
61
Closed
18
Calls
$2.31M
Puts
$433K
Net Calls
+$1.88M
Net Calls Change
+$1.73M

Top Buyers

1
KWM
Kingsview Wealth Management
Oregon
+$7.02M
2
ECA
Elevation Capital Advisory
Oregon
+$5.02M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$4.81M
4
RA
Rational Advisors
New York
+$4.7M
5
GM
GeoWealth Management
Illinois
+$4.68M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$21.4M
2
GVAG
Great Valley Advisor Group
Delaware
-$8.48M
3
Bank of America
Bank of America
North Carolina
-$7.64M
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$6.37M
5
MAM
Milestone Asset Management
Pennsylvania
-$4.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
1
Bank of New York Mellon
New York
$44.9M +$693K +25,452 +2%
State of Wisconsin Investment Board
2
State of Wisconsin Investment Board
Wisconsin
$36.4M – – –
Bank of America
3
Bank of America
North Carolina
$34.4M -$7.64M -280,433 -18%
Envestnet Asset Management
4
Envestnet Asset Management
Illinois
$31.1M +$4.81M +176,602 +19%
PNC Financial Services Group
5
PNC Financial Services Group
Pennsylvania
$29.1M -$1.21M -44,316 -4%
HighTower Advisors
6
HighTower Advisors
Illinois
$27.7M +$1.08M +39,588 +4%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$25.6M -$6.37M -233,915 -20%
Morgan Stanley
8
Morgan Stanley
New York
$21.5M -$2.22M -81,542 -9%
SMFG
9
Sumitomo Mitsui Financial Group
Japan
$20.5M -$670K -24,609 -3%
RJA
10
Raymond James & Associates
Florida
$20.4M -$1.09M -39,951 -5%
UBS Group
11
UBS Group
Switzerland
$18.7M -$202K -7,419 -1%
Wells Fargo
12
Wells Fargo
California
$18.7M -$142K -5,200 -0.8%
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$14.3M -$432K -15,860 -3%
GAM
14
Gould Asset Management
California
$13.9M +$868K +31,876 +7%
LPL Financial
15
LPL Financial
California
$13.7M -$1.46M -53,710 -10%
BSB
16
Bangor Savings Bank
Maine
$13.5M +$343K +12,600 +3%
CI
17
Conning Inc
Connecticut
$13M – – –
KWM
18
Kingsview Wealth Management
Oregon
$13M +$7.02M +257,701 +121%
WANY
19
Wealthspire Advisors (New York)
New York
$11.6M -$2.43M -89,353 -17%
Ameriprise
20
Ameriprise
Minnesota
$10.5M +$596K +21,867 +6%
RA
21
Rational Advisors
New York
$9.9M +$4.7M +172,561 +93%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$9.43M -$21.4M -785,713 -70%
Invesco
23
Invesco
Georgia
$8.64M -$306K -11,235 -3%
GM
24
GeoWealth Management
Illinois
$8.4M +$4.68M +171,977 +130%
Truist Financial
25
Truist Financial
North Carolina
$8.21M +$903K +33,134 +13%
1
2 3 4 5

BAB Hedge Fund Activity: Q3 2024 in Review

191 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2024, worth a combined $677M — up 0.74% from $672M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of BAB and 8 opened new positions — a net loss of 10 holders — while 61 trimmed existing stakes and 73 added.

The largest buyer was Kingsview Wealth Management, adding an estimated $7.02M. The largest seller was Royal Bank of Canada, cutting an estimated $21.4M.

  • 191 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2024, down from 202 in Q2 2024.
  • Funds reported $677M of Invesco Taxable Municipal Bond ETF stock for Q3 2024, up 0.74% quarter-over-quarter.
  • 8 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2024 and 18 closed out, a net change of -10 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2024 was Kingsview Wealth Management, an estimated $7.02M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q3 2024 was Royal Bank of Canada, an estimated $21.4M sold.

Based on aggregated 13F filings for Q3 2024.