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Invesco Taxable Municipal Bond ETF

180 hedge funds and large institutions have $564M invested in Invesco Taxable Municipal Bond ETF in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 58 increasing their positions, 65 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

0% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 17

2% less capital invested

Capital invested by funds: $577M → $564M (-$13.5M)

1.09% less ownership

Funds ownership: 62.1%61.01% (-1.1%)

2% less funds holding

Funds holding: 184180 (-4)

11% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 65

Holders
180
Holders Change
-4
Holders Change %
-2.17%
% of All Funds
2.36%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
17
Increased
58
Reduced
65
Closed
17
Calls
$2.51M
Puts
Net Calls
+$2.51M
Net Calls Change
+$1.56M
Name Holding Trade Value Shares
Change
Change in
Stake
Raymond James Financial
1
Raymond James Financial
Florida
$42M +$3.69K +138 +0%
HighTower Advisors
2
HighTower Advisors
Illinois
$39.3M +$3.26M +121,880 +9%
State of Wisconsin Investment Board
3
State of Wisconsin Investment Board
Wisconsin
$36M
Bank of America
4
Bank of America
North Carolina
$30.9M +$872K +32,625 +3%
Ameriprise
5
Ameriprise
Minnesota
$29.5M -$3.48M -130,233 -11%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$22.7M +$2.54M +95,132 +13%
PNC Financial Services Group
7
PNC Financial Services Group
Pennsylvania
$19.5M -$519K -19,429 -3%
KWM
8
Kingsview Wealth Management
Oregon
$19.5M +$9.96M +372,417 +109%
SMFG
9
Sumitomo Mitsui Financial Group
Japan
$17.5M -$1.06M -39,496 -6%
Wells Fargo
10
Wells Fargo
California
$17M -$1.15M -42,935 -6%
GAM
11
Gould Asset Management
California
$16.8M +$426K +15,950 +3%
Morgan Stanley
12
Morgan Stanley
New York
$16.5M +$2.86M +107,067 +22%
UBS Group
13
UBS Group
Switzerland
$13.9M -$7.04M -263,322 -34%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$13.4M -$7.33M -274,262 -36%
CI
15
Conning Inc
Connecticut
$13.4M
LPL Financial
16
LPL Financial
California
$11.4M +$817K +30,567 +8%
TIM
17
Tortoise Investment Management
New York
$10.7M +$175K +6,536 +2%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$10.1M +$52.3K +1,956 +0.5%
Northwestern Mutual Wealth Management
19
Northwestern Mutual Wealth Management
Wisconsin
$7.91M +$413K +15,450 +6%
GC
20
Guggenheim Capital
Illinois
$6.93M +$193K +7,214 +3%
MWM
21
Maltin Wealth Management
New Jersey
$6.92M -$153K -5,707 -2%
Invesco
22
Invesco
Georgia
$6.09M -$588K -21,987 -9%
NW
23
NewEdge Wealth
Pennsylvania
$6.07M +$545K +20,388 +10%
KeyBank National Association
24
KeyBank National Association
Ohio
$5.87M +$920K +34,433 +19%
WANY
25
Wealthspire Advisors (New York)
New York
$5.48M -$407K -15,214 -7%

BAB Hedge Fund Activity: Q3 2025 in Review

180 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco Taxable Municipal Bond ETF (BAB) for Q3 2025, worth a combined $564M — down 2.3% from $577M a quarter earlier.

Fund positioning in BAB was balanced in Q3 2025: 17 funds opened new positions, 17 closed out, 58 added to existing stakes and 65 trimmed.

The largest buyer was Kingsview Wealth Management, adding an estimated $9.96M. The largest seller was Jane Street, exiting entirely with an estimated $15M sold.

  • 180 institutional investors held Invesco Taxable Municipal Bond ETF (BAB) as of Q3 2025, down from 184 in Q2 2025.
  • Funds reported $564M of Invesco Taxable Municipal Bond ETF stock for Q3 2025, down 2.3% quarter-over-quarter.
  • 17 funds opened new Invesco Taxable Municipal Bond ETF positions in Q3 2025 and 17 closed out, a net change of 0 holders.
  • The largest Invesco Taxable Municipal Bond ETF buyer in Q3 2025 was Kingsview Wealth Management, an estimated $9.96M added.
  • The largest Invesco Taxable Municipal Bond ETF seller in Q3 2025 was Jane Street, an estimated $15M sold.

Based on aggregated 13F filings for Q3 2025.