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Confluence Investment Management’s Invesco BulletShares 2028 Municipal Bond ETF BSMS Stock Holding History

Confluence Investment Management’s Portfolio BSMS Stock Details BSMS Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-126,710
Closed -$2.97M – 298
2025
Q3 		$2.97M Buy
126,710
+14,412
+13% +$336K 0.04% 141
2025
Q2 		$2.61M Sell
112,298
-3,654
-3% -$84.2K 0.04% 153
2025
Q1 		$2.69M Sell
115,952
-151,678
-57% -$3.54M 0.04% 162
2024
Q4 		$6.24M Sell
267,630
-2,078
-0.8% -$48.7K 0.09% 122
2024
Q3 		$6.36M Sell
269,708
-16,678
-6% -$391K 0.09% 126
2024
Q2 		$6.65M Sell
286,386
-1,404
-0.5% -$32.7K 0.1% 123
2024
Q1 		$6.76M Sell
287,790
-1,485
-0.5% -$35K 0.09% 119
2023
Q4 		$6.87M Sell
289,275
-2,981
-1% -$68.5K 0.1% 122
2023
Q3 		$6.58M Sell
292,256
-2,110
-0.7% -$48.9K 0.1% 120
2023
Q2 		$6.88M Sell
294,366
-7,318
-2% -$172K 0.1% 119
2023
Q1 		$7.14M Buy
301,684
+2,844
+1% +$66.9K 0.11% 119
2022
Q4 		$6.94M Buy
+298,840
New +$6.82M 0.1% 122

Other funds holding BSMS

LPL Financial
LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Truist Financial
Truist Financial Charlotte, North Carolina $74.2B AUM 21.09% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
KCM
Kathmere Capital Management Wayne, Pennsylvania $1.62B AUM 17.7% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
HBT
Hills Bank & Trust North Liberty, Iowa $2.07B AUM 13.46% 1-Year Est. Return
SF
Summit Financial Parsippany, New Jersey $7.85B AUM 20.99% 1-Year Est. Return
Raymond James Financial
Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

Confluence Investment Management's BSMS Position: Q4 2025 in Review

Confluence Investment Management sold out of Invesco BulletShares 2028 Municipal Bond ETF (BSMS) in Q4 2025, closing a stake of 126,710 shares — an estimated $2.97M sold.

Confluence Investment Management first reported a position in BSMS in Q4 2022 and held it in 12 quarters. The position peaked at $7.14M in Q1 2023. 120 funds tracked by Wall St. Rank hold BSMS as of Q4 2025.

  • Confluence Investment Management reported no remaining Invesco BulletShares 2028 Municipal Bond ETF position as of Q4 2025 after selling out during the quarter.
  • Confluence Investment Management sold 126,710 Invesco BulletShares 2028 Municipal Bond ETF shares in Q4 2025, an estimated $2.97M.
  • Confluence Investment Management first reported a position in Invesco BulletShares 2028 Municipal Bond ETF in Q4 2022 and held it in 12 quarters.
  • Confluence Investment Management's Invesco BulletShares 2028 Municipal Bond ETF position peaked at $7.14M in Q1 2023.
  • 120 funds tracked by Wall St. Rank held Invesco BulletShares 2028 Municipal Bond ETF as of Q4 2025.

Based on Confluence Investment Management's 13F filing for Q4 2025, filed 5 Jan 2026.